Chinese Auto Manufacturers Association Advocates for Fair Trade, Rejects 'Pricing Battle'
In East China's Zhejiang Province, a manufacturing powerhouse for new-energy vehicles (NEVs), workers are sustainedly at work on production lines. The province's NEV output is surging, propelled by escalating demand, with aspirations to produce over 1.2 million NEVs annually by 2025—over 60% of the province's total automobile production—and accounting for roughly 10% of the country's total[1].
Zhejiang is home to prominent NEV manufacturers, including Geely Holding Group's Zeekr brand, a globally recognized premier NEV group making substantial contributions to regional and national NEV production[3]. With NEV production reaching 4.429 million units in the first four months of 2025, marking a 48.3% year-on-year increase and accounting for approximately 42.7% of total new vehicle sales, China's overall NEV production is on an upward trajectory[1].
The dominance of top NEV manufacturers, many of which are based in or headquartered in Zhejiang, reflects the high concentration of production capacity in the province, with the top 10 NEV manufacturers controlling around 80% of the market, and the top 5 capturing over 60%[2]. The provincial sector aligns with the broader national strategy to aggressively grow NEV production, sales, and exports, aiming to maintain double-digit growth rates. The anticipated total automobile sales for 2025 are projected to reach around 32.9 million units, with NEVs continuing to increase their market share, mirroring strong market demand and policy support[1].
Withgeoning delivery volumes and model offerings, companies based in Zhejiang, such as Zeekr, are steadily augmenting their NEV production capacity and output, in synch with China's objectives for the sector's growth.
The industry in Zhejiang Province, with its prominence in new-energy vehicle (NEV) manufacturing, is significantly influencing the finance sector, as investments flow into the growing NEV market. The dominance of automotive companies like Geely Holding Group's Zeekr brand in the energy sector, through their focus on new-energy vehicles, is also impacting the transportation sector, as these vehicles reduce dependency on fossil fuels and emissions.
