The penetration of NEVs in China reached a record 27.9 percent in August, up 3.4 percentage points from 24.5 percent in July.
China saw record new energy vehicle (NEV) sales in August, despite a traditionally slow auto sales season and the impact of high temperatures and the Covid outbreak.
China's NEV sales reached 666,000 units in August, up 107.48 percent from 321,000 units in the same month last year and up 12.31 percent from 593,000 units in July, according to data released today by the China Association of Automobile Manufacturers (CAAM).
Battery electric vehicle (BEV) sales in August were 522,000 units, up 92.9 percent year-on-year; plug-in hybrid sales were 144,000 units, up 160 percent year-on-year; and fuel cell vehicle sales were 255 units, up 570 percent year-on-year, according to the CAAM.
China's sales of all vehicles in August were 2,383,000, up 32.1 percent year-on-year, but down 1.5 percent from July.
This means that the penetration of NEVs in China reached a record 27.9 percent in August, up 3.4 percentage points from 24.5 percent in July, according to the CAAM data.
In August, regions including Sichuan and Chongqing experienced power shortages due to the effects of sustained high temperatures, which had an impact on car production, the CAAM noted.
But with policy support, passenger car consumption continued to rise and has gradually returned to normal, the CAAM said.
From January to August, sales of NEVs in China were 3.86 million units, up 110 percent year-on-year.
Of these, BEVs sold 3.04 million units, up 100 percent year-on-year, and PHEVs sold 818,000 units, up 170 percent year-on-year.
In the first eight months, China sold 16.86 million all vehicles, up 1.7 percent year-on-year.
This means that from January to August, the penetration rate of NEVs in China was 23 percent.
In August, exports from China continued to reach a record high of 308,000 vehicles, exceeding 300,000 for the first time in history.
NEVs exported 83,000 units in August, up 82.3 percent year-on-year and up 53.6 percent from July.
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