China Auto Market
Low-priced NEVs to benefit most from higher trade-in subsidies in China, says Deutsche Bank
BYD and Leapmotor will benefit the most, followed by Xpeng, Geely Auto, Changan, Great Wall Motor and GAC due to their relatively large exposure to low-priced vehicles, said Deutsche Bank.
China doubles subsidies to encourage consumers to replace old cars
Consumers can get a RMB 20,000 subsidy for scrapping an old car and buying an NEV, and a RMB 15,000 subsidy for buying a fuel car of 2.0 L or less, both doubled from previous levels.
China NEV retail at 461,000 in Jul 1-21, down 2% from same period last month
China's retail penetration of NEVs stood at 49.35 percent in the July 1-21 period, and 42.45 percent year-to-date.
China NEV retail at 286,000 in Jul 1-14, up 6% from same period last month
China's NEV retail penetration was 49.48 percent in July 1-14, and 42.23 percent year-to-date.
Chinese automakers to capture 1/3 of global auto market by 2030, says AlixPartners
Chinese automakers are taking center stage and setting new benchmarks for an industry historically steered by the West, Japan, and South Korea, AlixPartners said.
China NEV retail at 130,000 in Jul 1-7, up 3% from same period last month
China's NEV retail penetration stood at 47.44 percent in July 1-7, and 41.95 percent year-to-date.
China NEV retail at 534,000 in Jun 1-23, up 7% from same period last month
China's NEV retail penetration was 49.12 percent for June 1-23, and 41.36 percent year-to-date.
China NEV retail at 314,000 in Jun 1-16, down 4% from same period last month
China's retail penetration of NEVs was 49.52 percent for June 1-16, and 40.99 percent year-to-date.
China NEV retail at 180,000 in Jun 1-10, down 11% from same period last month
China's NEV penetration at retail was 50 percent in June 1-10, and 40.74 percent year-to-date.
China NEV retail at 574,000 in May 1-26, up 2% from same period last month
China's retail penetration of NEVs stood at 47.51 percent in May 1-26, and 39.93 percent year-to-date.
