- October BEV sales reached a record 1,109,000 units, up 31.7 percent year-on-year.
- October PHEV sales totaled 605,000 units, increasing 3.0 percent year-on-year.
China's new energy vehicle (NEV) sales set another record high last month, driven by robust growth in battery electric vehicles (BEVs).
In October, China's NEV sales reached 1,715,000 units, surpassing the previous record of 1,604,000 units set in September, according to data released today by the China Association of Automobile Manufacturers (CAAM).
This represents a 20 percent year-on-year increase and a 6.9 percent rise from September.
CAAM's NEV sales figures are automakers' wholesale sales, including both domestic sales in China and exports to overseas markets. NEVs include BEVs, plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles.
October BEV sales reached a record 1,109,000 units, marking the second time sales surpassed the one-million-unit mark. This represents a 31.7 percent year-on-year increase and a 4.8 percent rise from September.
PHEV sales in October reached 605,000 units, up 3.0 percent year-on-year and up 10.8 percent month-on-month.
Total vehicle sales in China in October amounted to 3.322 million units, an 8.8 percent increase year-on-year and a 3 percent rise month-on-month.
This translates to an NEV penetration rate of 51.6 percent in October, marking the first time the rate has exceeded 50 percent in CAAM's data. This surpasses the 46.8 percent recorded in the same period last year and the 49.0 percent recorded in September.
NEV exports continued their strong momentum, surging 99.9 percent year-on-year to 256,000 units in October.
Excluding exports, domestic NEV sales reached 1,459,000 units in October, up 12.1 percent year-on-year and up 5.6 percent month-on-month.
In October, 666,000 vehicles were exported from China, up 22.9 percent year-on-year and up 2.1 percent from September.
China exported 166,000 BEVs in October, a 59.6 percent increase year-on-year and up 8.6 percent from September.
PHEV exports reached 90,000 units in October, surging 270 percent year-on-year and up 30.3 percent from September.
