- BEV sales rose 47.1 percent year-on-year in July, while PHEV sales grew only 2.8 percent, the lowest growth rate since at least January 2021.
- After excluding exports, domestic NEV sales in July were 1,037,000 units, up 16.9 percent year-on-year, but down 7.8 percent from June.
China's new energy vehicle (NEV) sales continued to see year-on-year growth last month, despite a decline from June.
In July, China's NEV sales came in at 1,262,000 units, up 27.4 percent year-on-year, but down 5.04 percent from June, according to data released today by the China Association of Automobile Manufacturers (CAAM).
CAAM's NEV sales figures represent 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.
BEV sales in July totaled 811,000 units, up 47.1 percent year-on-year, but down 5.59 percent from June.
PHEV sales in July stood at 451,000 units, up 2.8 percent year-on-year, but down 4.04 percent from June.
Notably, this is the lowest year-on-year growth rate for PHEVs since at least January 2021.
In July, total vehicle sales were 2.593 million units, up 14.7 percent year-on-year, but down 10.7 percent from June.
This means that the NEV penetration rate in July was 48.7 percent, higher than the 43.8 percent recorded in the same period last year and the 45.8 percent in June.
After excluding exports, domestic NEV sales in July totaled 1,037,000 units, up 16.9 percent year-on-year, but down 7.8 percent from June.
In July, 575,000 vehicles were exported from China, up 22.6 percent year-on-year, but down 2.8 percent from June.
Among them, NEV exports were 225,000 units, up 120 percent year-on-year and up 10 percent from June.
In July, China exported 141,000 BEVs, up 83.6 percent year-on-year and up 8.3 percent from June.
In July, PHEV exports were 85,000 units, up 220 percent year-on-year and up 12.9 percent from June.
