China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

China's BEV sales rebounded to 646,000 units in August, up 17.24 percent from July, while PHEV sales rose to a new record high of 453,000 units.

China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

China's new energy vehicle (NEV) sales rebounded last month, after a drop in the previous month.

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In August, China's NEV sales stood at 1.1 million units, up 30.02 percent year-on-year and up 11 percent from July, according to data released today by the China Association of Automobile Manufacturers (CAAM).

CAAM's NEV sales are wholesale sales by automakers, including sales in China and exports to overseas markets. NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles.

PHEV sales continued to see strong growth, while BEV sales also rebounded.

BEV sales in China in August were 646,000 units, a new high year to date. That was up 8.21 percent year-on-year and up 17.24 percent from July.

China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

PHEV sales stood at 453,000 units in August, marking the fourth consecutive month of record highs, up 81.93 percent year-on-year and up 3.42 percent from July.

China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

Fuel cell vehicle sales in August were 1,000 units, up 216.9 percent year-on-year.

China's all vehicle sales in August were 2,453,000 units, down 5 percent year-on-year but up 8.44 percent from July.

China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

This means that NEV penetration was 44.8 percent in August, up from 43.8 percent in July.

China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

Excluding exports, domestic NEV sales were 990,000 units in August, up 30.95 percent year-on-year and up 11.61 percent from July.

China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

In August, 511,000 vehicles were exported from China, up 25.25 percent year-on-year and up 8.96 percent from July.

China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

Among them, NEV exports amounted to 110,000 units, up 22.22 percent year-on-year and up 6.80 percent from July.

China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show

China exported 88,000 units of BEVs in August, up 5.9 percent year-on-year and up 14.5 percent from July.

The country exported 22,000 units of PHEVs in August, up 210 percent year-on-year but down 18.1 percent from July.

China's PHEV retail sales hit a record high for the third consecutive month, while BEV retail sales grew again, ending two consecutive months of sequential declines.
Sept 9, 2024
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