EV Industry

Preliminary estimates show that for the full year 2023, China's wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA.

China's passenger NEV retail sales stood at 7.375 million units so far this year, up 34 percent year-on-year.

The Jiyue 07 is another 7-series model for the Chinese EV market. Jiyue just launched its first model, the Jiyue 01, on October 27.

China's NEV penetration at retail is expected to be around 41.4 percent in December, up from 40.4 percent in November.

China's retail penetration of NEVs was 38.7 percent in the December 1-17 period, and 35.3 percent year-to-date.

So far this year, China's passenger NEV retail sales amounted to 6.996 million units, up 34 percent year-on-year.

China sold a record 1,026,000 NEVs in November, including 929,000 sold locally and 97,000 exported.

BEVs sold a record 552,000 units at retail in November, accounting for 65.6 percent of all NEV retail sales.

China's passenger NEV penetration at retail stood at 38 percent in November, up from 37.8 percent in October.

In October, China's NEV penetration at retail stood at 37.8 percent, up 7.6 percentage points from 30.2 percent a year earlier.