From January to July, China's NEV sales increased 41.7 percent year-on-year to 4,526,000 units, contributing 28.96 percent of all vehicle sales.
China's new energy vehicle (NEV) sales declined in July as the auto market entered its traditional slow sales season.
China's NEV sales in July were 780,000 units, up 31.6 percent year-on-year but down 3.23 percent from 806,000 units in June, data released today by the China Association of Automobile Manufacturers (CAAM) showed.
The data released by the CAAM is the wholesale sales of car companies, where NEVs include battery electric vehicles (BEVs), plug-in hybrids (PHEVs), and fuel cell vehicles.
China sold 541,000 BEVs in July, up 18.2 percent year-on-year but 5.58 percent lower than in June.
PHEV sales in July were 239,000 units, up 77.0 percent year-on-year. Fuel cell vehicle sales were 200 units, up 13.1 percent year-on-year.
China's all-vehicle sales in July were 2.387 million units, down 1.4 percent year-on-year and 9 percent lower than in June.
This means that the penetration rate of NEVs in China was 32.7 percent in July, up from 30.7 percent in June.
China's production of NEVs was 805,000 units in July, up 30.6 percent year-on-year and up 2.67 percent from 784,000 units in June.
China's output of all vehicles in July was 2.401 million units, down 2.2 percent year-on-year and down 6.2 percent from June.
NEV sales in China rose 41.7 percent year-on-year to 4,526,000 units in January-July, accounting for 28.96 percent of the 15,626,000 units of all vehicles sold.
BEV sales stood at 3,260,000 units in the January-July period, up 29.5 percent year-on-year.
In July, 392,000 vehicles were exported from China, up 35.1 percent year-on-year and up 2.7 percent from June.
Among them, exports of NEVs amounted to 101,000 units, up 87 percent year-on-year and up 29.5 percent from June.
China exported 2.533 million vehicles from January to July, up 67.9 percent year-on-year. Of these, 636,000 units of NEVs were exported, up 1.5 times year-on-year, the CAAM report said.
In July, the pace of production and sales in China's auto industry slowed down because of a high base in the same period last year, compounded by the traditional low season, the report said.
In late July, a top Chinese government meeting mentioned that the country would boost consumption of products including automobiles, and subsequently, 13 government departments issued specific measures on stabilizing auto consumption, the CAAM noted.
Auto consumption potential is expected to be further unleashed along with the implementation of a new round of policies to boost consumption of automobiles, the CAAM said.
China issues new measures to boost auto consumption with emphasis on support for NEVs
