China's 2025 NEV stock grows, while recycling feedstock remains model- and age-dependent
Year-end NEV stock reached 43.97 million; vehicle production and stock are not retired-battery volumes.
Source facts
The National Bureau of Statistics' 2025 statistical communiqué reports NEV production of 16.524 million vehicles, up 25.1%, and year-end stock of 43.97 million, an increase of 12.57 million.
These figures describe vehicle production and stock, rather than annual battery retirements. They do not directly determine an individual recycling project's feedstock or equipment orders.