THE value of Shenzhen’s new energy vehicle (NEV) exports reached 15.15 billion yuan (US$2.13 billion) in the first seven months of this year, a year-on-year increase of 50.8%, statistics from Shenzhen Customs show.

Currently, Shenzhen’s NEV industry ecosystem is led by leading enterprises and characterized by highly coordinated industrial and supply chains, Shenzhen Special Zone Daily reported.

According to Liu Hua, executive chairman and secretary-general of the Shenzhen New Energy Vehicle Industry Association, Shenzhen possesses the most complete NEV industrial chain in the world.

In addition to carmakers like BYD and Skywell, Liu noted that Shenzhen is also home to key NEV parts and material enterprises like Shenzhen Hangsheng Electronics Co. Ltd., BAK Power, Greatland Electrics, BTR New Material Group, and Inovance Technology.

To further seize the development opportunities of NEVs, Shenzhen is eyeing industries related to autonomous driving, smart cockpits, and intelligent connected vehicles (ICVs).

Statistics show that the added value of Shenzhen’s ICV industry amounted to 76.31 billion yuan in 2023, a year-on-year increase of 38.2%. Currently, China has over 12,000 autonomous driving-related enterprises, and Shenzhen ranks first with over 1,300.

Recently, the sixth batch of roads for ICV testing and demonstration applications in Shenzhen was announced, bringing the total to 944 kilometers of open roads for autonomous driving in the city.

(Zhang Yu)