China NEV Market

New survey finds 50% of Chinese respondents have strong intention to buy pure-play EVs

As Nio's William Li puts it, once users embrace electric vehicles, they will become widespread very quickly.

Expert expects China's NEV penetration to exceed 20% by 2022

The secretary-general of the CPCA said that with the supply of chips still uncertain in 2022, traditional carmakers will prioritize their limited resources for NEV models.

CICC expects global NEV sales to surpass 10 million units by 2022

Referring to the S-shaped growth curve, global vehicle electrification has broken through the tipping point and entered a period of steep growth, CICC said.

China releases carbon peak action plan by 2030, re-emphasizes promotion of NEVs

China will promote NEVs and gradually reduce the share of traditional fuel vehicles in new vehicle production and sales and vehicle ownership.

Official says China will keep NEV support policies continuous and stable

The MIIT official said that China will coordinate the study of policy measures for NEVs and maintain the continuity and stability of support policies for all segments.

China's NEV fleet reaches 6.78 million units, 2.28% of total vehicles

When will China's new energy vehicles become saturated? The latest data suggests that point may still be quite far away.

Chinese users' satisfaction with NEVs on par with fuel vehicles for first time, survey shows

All three Nio models are among the top three in terms of customer satisfaction with pure electric midsize and large SUVs.

Deutsche Bank raises its forecast for BEV sales in China to 2.5 million units this year

NEV penetration in China has come in at about 20 percent, which Deutsche Bank analyst Edison Yu believes indicates a continued acceleration in the adoption curve.

China's NEV sales expected to top 3 million units this year, CAAM official says

The forecast is safe because if NEV sales exceed 300,000 units in each of the remaining three months, sales will exceed 3 million units for the year.

China's new energy vehicles still face high costs, official says

The MIIT will work with relevant departments to accelerate coordination and promote the high-quality development of new energy vehicles.
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