[NEV Production Up 47.7% YoY! State Council Information Office Releases Economic Performance for January-February 2025] SMM learned that on March 17, the State Council Information Office held a press conference on the economic performance for January-February 2025. Fu Linghui, spokesperson of the National Bureau of Statistics (NBS) and Director-General of the Department of Comprehensive Statistics of the National Economy, introduced the economic performance for January-February 2025 and answered questions from reporters.
The new energy industry showed strong growth momentum, with increased utilization of green energy significantly promoting the green and low-carbon transformation of the economy. From January to February, the production of NEVs and lithium-ion power batteries for automobiles rose 47.7% and 37.5% YoY, respectively, maintaining high growth rates. Power generation from wind and solar energy by industrial enterprises above a designated size also sustained double-digit growth. In February, the prices of fuel-powered small cars and new energy small cars dropped by 5.0% and 6.0%, respectively, collectively contributing to a YoY CPI decline of approximately 0.16 percentage points.
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