Industry dynamics

China NEV sales up 12.41% MoM to 806,000 in Jun, CAAM data show

Publishtime:2019/08/16 Views:18

In the first half of the year, China's NEV sales amounted to 3,745,000 units, contributing 28.3 percent of all vehicle sales.

China's production of NEVs was 784,000 units in June, up 32.8 percent year-on-year and up 9.9 percent from 713,000 units in May.

China's production of all vehicles in June was 2,561,000 units, up 2.5 percent year-on-year and 9.8 percent from May.

In the first half of the year, China's NEV sales were 3,745,000 units, up 44.54 percent year-on-year, and accounted for 28.3 percent of the 13,239,000 total vehicle sales.

BEV sales were 2,719,000 units in the first half of the year, up 10.30 percent year-on-year, CnEVPost's calculations show.

In June, 382,000 vehicles were exported from China, up 53.2 percent year-on-year but 1.7 percent lower than in May.

Among them, exports of NEVs amounted to 78,000 units, up 170 percent year-on-year and 28.4 percent lower than in May.

China exported 2.14 million vehicles in the first half of the year, up 75.7 percent year-on-year. Among them, 534,000 units of NEVs were exported, up 1.6 year-on-year, the CAAM report said.

Looking ahead to the second half of the year, the mild rebound in the macro economy is expected to trickle down to the auto market gradually, and the consumption potential of the auto market will be further unleashed, the CAAM said.

At the same time, however, the external environment facing China is complex, consumer demand is insufficient, and the automotive industry is still under pressure, the report said.

There are still many challenges in the operation of automakers, and policies are needed to maintain stability and predictability to help the industry run smoothly, the CAAM said.

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