Expert regards technology as most powerful engine of China's NEV industry

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Expert regards technology as most powerful engine of China's NEV industry

STORY: Expert regards technology as most powerful engine of China's NEV industry SHOOTING TIME: Jan. 19, 2024 DATELINE: Jan. 24, 2024 LENGTH: 00:03:02 LOCATION: SHANGHAI, China CATEGORY: TECHNOLOGY SHOTLIST: 1. various of vehicles 2. various of NEVs of different brands 3. SOUNDBITE (English): LIU JIA, Analyst of Electronics & Automotive from Nomura Orient International Securities STORYLINE: China's auto exports surged 57.9 percent year-on-year to a record high of 4.91 million vehicles in 2023 as the country's automakers expanded their presence overseas, data from the China Association of Automobile Manufacturers (CAAM) showed. It marks another significant increase after the country exported more than 3 million vehicles in 2022 and over 2 million in 2021. The massive growth was propelled by a surge in the exports of new energy vehicles (NEVs), which soared 77.6 percent to more than 1.2 million units in the past year. Exports of pure electric vehicles expanded by 80.9 percent while that of hybrid ones incr

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