China's NEV Sales Increased 13.6% in September
According to the China Association of Automobile Manufacturers (CAAM), production and sales of new energy vehicles (NEV) saw significant year-over-year growth in September. NEVs accounted for 61.6% of total new car sales.
Production and sales of new energy vehicles (NEV) in China reached 1.81 million and 1.82 million units respectively in September, according to data released by the China Association of Automobile Manufacturers (CAAM). This represents a year-over-year increase of 12.2% for production and 13.6% for sales. During the month, NEVs constituted 61.6% of the total new car sales volume.
From January to September, cumulative NEV production reached 12.48 million units, and sales reached 12.47 million units. This marks an increase of 11% and 11.1% respectively compared to the same period last year. Over the first nine months of the year, NEVs made up 53.6% of the total new car sales.
Domestically, NEV sales in September were 1.25 million units, a 12% increase from August but a 9.4% decrease compared to September of the previous year. Within this, NEV passenger car sales accounted for 1.14 million units, while NEV commercial vehicle sales reached 0.11 million units, showing a 32.6% year-over-year increase.
In terms of exports, 571,000 NEVs were shipped in September, an increase of 8.6% month-over-month and a significant 160% rise year-over-year. NEV passenger car exports grew by 160%, and NEV commercial vehicle exports by 180%.