Wang Xiaoqiu, SAIC Group: It is predicted that by 2030, the penetration rate of new energy vehicles in China will further increase to 70%.

At the 2025 World New Energy Vehicle Conference held today, Wang Xiaoqiu, chairman of SAIC Group, stated that it is expected that by 2030, the market penetration rate of new energy vehicles in China will further increase to 70%. Although the market for fuel vehicles will shrink significantly, it will still be favored by some users and continue to maintain a certain market share. The three technological paths of hybrid, pure electric, and fuel will basically form a 4-3-3 market development pattern. In addition, fuel cell vehicles, driven by demonstration applications, have passed the certification of mass production technology, and the construction of the industry chain has entered a critical stage of multi-scenario demonstration.