Industry dynamics

China's NEV sales at 814,000 units in Dec, contributing 31.8% of all vehicle sales, CAAM data show

Publishtime:2019/08/16 Views:6

For the full year 2022, China's NEV sales were 6.887 million units, up 93.4 percent year-on-year, accounting for 25.6 percent of all vehicle sales.

China's December sales of all vehicles were 2.556 million, down 8.4 percent year-on-year but up 9.7 percent from November.

This means that the penetration of NEVs in China was 31.8 percent in December, down 2 percentage points from the record high of 33.8 percent in November.

For the full year 2022, China's NEV sales were 6.887 million units, up 93.4 percent year-on-year and accounting for 25.6 percent of all vehicle sales, according to the CAAM.

Among them, BEV sales were 5.365 million units, up 81.6 percent year-on-year; PHEV sales were 1.518 million units, up 151.6 percent year-on-year; and fuel cell sales were 3,000 units, up 112.8 percent year-on-year.

Total vehicle sales in China in 2022 were 26.864 million units, up 2.1 percent year-on-year, the CAAM report said, adding that they expect China's vehicle sales to grow by about 3 percent year-on-year in 2023.

In December, 324,000 vehicles were exported from China, up 45.4 percent from a year earlier, but down 1.9 percent from November.

Among them, 82,000 NEVs were exported in December, up 3.6 times year-on-year but down 14.2 percent from November.

For the full year 2022, more than 3 million vehicles were exported from China, reaching 3.111 million units, up 54.4 percent year-on-year, according to the CAAM.

The export of NEVs in 2022 was 679,000 units, an increase of 120 percent year-on-year.