MNI BRIEF: China Electricity Growth Expected At 6% In 2025
MNI (BEIJING) - China’s electricity demand is expected to grow 6% this year to 10.4 trillion kWh, slower than the 6.8% increase in 2024, Chinese state-media outlet Xinhua has reported, citing a China Electricity Council report released today.
By the end of 2025, total installed capacity is projected to exceed 3.8 billion kW, up from 3.35 billion kWH last year, with non-fossil energy sources accounting for 60% of the total capacity, the report noted. The report also emphasised extreme weather, trade conditions, and changing weather patterns posed a risk to power supply during peak demand periods for some regions.
Domestic retail sales of passenger vehicles are expected to increase 2% y/y to 23.4 million units in 2025, slower than 2024’s 5.7% growth, with weakness felt most over Q1, a Chinese auto-industry expert told MNI, noting new energy vehicle (NEV) sales will increase their market share significantly. (See MNI INTERVIEW: China Car Sales To Grow 2%, Exports Slow)