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Haikou NEV Summit Launches Global Development Body as China Pledges Openness, Tech Debuts

Speakers cast cross‑border collaboration as the path to lower costs and quicker uptake.

Overview

  • The World New Energy Vehicle Development Organization (WNEVDO) was formally established to foster international cooperation on technology, cost and ecosystem development.
  • China’s industry regulator said the country has fully lifted foreign equity limits for NEV firms and will support deeper cooperation in capital, technology, management and talent.
  • Market data presented at the forum showed about 8.931 million NEV wholesale sales in China from January to August 2025, with August wholesale penetration at 52.2%.
  • Porsche exhibited for the first time at the event and unveiled a China‑specific infotainment system slated for vehicles next year, adding an AI voice assistant based on large language models and 3D vehicle displays, alongside Taycan GTS and Macan EV showings.
  • Executives projected steeper adoption by 2030, with SAIC’s chairman seeing China’s NEV penetration reaching up to 70% and Changan’s chairman outlining a 4:4:2 BEV–PHEV/REEV–ICE sales mix and global NEV penetration rising to 40%.