China sells 431,000 NEVs in Jan, up 136% year-on-year, CAAM data show

January sales of pure electric passenger cars were 335,000 units, up 127.3 percent year-on-year, while sales of plug-in hybrids were 85,000 units, up 198.3 percent year-on-year.

China sells 431,000 NEVs in Jan, up 136% year-on-year, CAAM data show

China's NEV (NEV) sales in January were 431,000 units, up 135.8 percent year-on-year, but down 18.6 percent from December, according to data released today by the China Association of Automobile Makers (CAAM).

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New energy passenger car sales in January were 419,000 units, up 138.7 percent year-on-year. Among them, pure electric vehicle sales were 335,000 units, up 127.3 percent year-on-year, and plug-in hybrid sales were 85,000 units, up 198.3 percent year-on-year.

It is worth noting that the CAAM does not specify, but as long as the car companies produce cars that are sold to dealers, they can be counted as sales, so the figure is the wholesale volume.

Sales of all cars in China in January were 2.531 million, up 0.9 percent from a year earlier and down 9.2 percent from December, the data shows.

Among them, passenger car sales were 2.186 million units, up 6.7 percent year-on-year and down 9.7 percent from December.

The auto production and sales situation were generally stable in January, the CAAM said, adding that passenger cars performed better than overall, supported by continued modest improvements in chip supply and policies in some regions to encourage auto consumption.

The performance of NEVs and auto exports remained outstanding, both maintaining faster growth year-on-year, the CAAM said.

China's NEV production in January was 452,000 units, up 133.2 percent year-on-year.

Exports of NEVs were 56,000 units in January, up 542.6 percent year-on-year and 206.3 percent from December.

The global lithium battery shortage will gradually dissolve as technology improves and capital is invested in huge amounts, he said.
Feb 14, 2022
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