Tuesday, December 7, 2021

China’s NEV Sales More Than Tripled

China’s new energy vehicle sales jumped more than three times in the first six months of this year as the market is growing faster than expected.

NEV sales climbed to exceed one million units in the first half from a year ago, according to data the China Passenger Car Association published yesterday.

The increase was bigger than expected. This year, sales could even exceed the earlier prediction of 2.4 million units as micro and premium electric vehicles are selling well, the CPCA added.

In June, NEV sales reached 223,000 cars, almost three times as much as a year ago and a 19 percent increase from May.

The strongest NEV sellers in June consisted mostly of domestic players. Among the firms that sold more than 10,000 units, BYD was No. 1 with its more than 40,300 cars. SAIC-GM-Wuling Automobile came in second with its nearly 31,300 units. Tesla China recorded more than 28,100 autos and GAC Aion over 10,400 vehicles

Sales prove that the competition between China’s three leading premium NEV startups is intense. Nio sold almost 8,100 units, Li Auto more than 7,700 cars, and Xpeng Motors 6,600 units.

Among joint ventures, one name is above others. Volkswagen-branded NEVs took the lead by selling almost 8,900 cars in June, or 47 percent of all major car JVs in China.

See also  Electric car sales in China are surging, Tesla demand slowing
Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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