New energy vehicles refer to vehicles that use unconventional vehicle fuels as their power source (or use conventional vehicle fuels or new on-board power devices), integrate advanced technologies in vehicle power control and driving, and form advanced technical principles, new technologies, and new structures. New energy vehicles include pure electric vehicles, extended range electric vehicles, hybrid electric vehicles, fuel cell electric vehicles, hydrogen engine vehicles, etc.

In November 2020, the General Office of the State Council issued the "Development Plan for the New Energy Vehicle Industry (2021-2035)", which requires the in-depth implementation of the national strategy for developing new energy vehicles, promoting high-quality and sustainable development of China's new energy vehicle industry, and accelerating the construction of an automobile power.

In 2021, the annual production of new energy vehicles reached 3.677 million units, an increase of 152.5% compared to the previous year [25], ending three consecutive years of negative growth; The latest statistics from the China Association of Automobile Manufacturers show that in 2022, China's production and sales of new energy vehicles reached 7.058 million and 6.887 million, respectively, with year-on-year growth of 96.9% and 93.4%, maintaining the world's first place for 8 consecutive years.

On February 28, 2023, the National Bureau of Statistics issued the Statistical Bulletin of National Economic and Social Development of the China in 2022, which shows that the annual output of new energy vehicles in 2022 will be 7.003 million, an increase of 90.5% over the previous year.