Caixin Global China Watch

Caixin Global China Watch

Share this post

Caixin Global China Watch
Caixin Global China Watch
In Depth: Zero-Carbon Fuels, Hybrids Offer Lifeline for Conventional Carmakers

In Depth: Zero-Carbon Fuels, Hybrids Offer Lifeline for Conventional Carmakers

Caixin Global's avatar
Caixin Global
Jan 16, 2025
∙ Paid
3

Share this post

Caixin Global China Watch
Caixin Global China Watch
In Depth: Zero-Carbon Fuels, Hybrids Offer Lifeline for Conventional Carmakers
1
Share

It sounds somewhat unbelievable — the internal combustion engine (ICE) is boosting sales of new-energy vehicles (NEVs) in China, which may be a hard pill to swallow for the upstart carmakers who initially championed the displacement of fossil fuel vehicles.

In fact, in December 2024, the top three NEV-makers by sales were primarily focusing on hybrid vehicles, which incorporate a battery-powered motor and an ICE.

But while this was a surprising development for some and appears to be a nod to the strength of ICEs in the auto industry, it doesn’t alter the reality that traditional car manufacturers need to transform to survive the green transition. Rather, it shows that hybrids offer one route to this end.

Keep reading with a 7-day free trial

Subscribe to Caixin Global China Watch to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 CXG
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share