China NEV Market
China's NEV sales exceed 300,000 units for first time in Aug, CAAM data show
China's NEV sales in August were 321,000 units, up 181.9 percent from a year ago and 18.6 percent from July.
Chinese regulators reportedly considering new measures to curb EV overcapacity
The move is intended to direct car companies to areas with low capacity utilization and to close plants that were built in the past few years but are now in surplus, the report said.
China's passenger NEV retail sales reached 249,000 units in Aug, up 167.5% year-on-year
Retail penetration of new energy vehicles in China, their share of total sales of all vehicles, reached 17.1 percent in August.
Analysts expect global NEV industry to remain buoyant for next two years
The global NEV sales are expected to grow 84 percent to 5.96 million units in 2021 and 40 percent to 8.37 million units in 2022, said CITIC Securities.
China's NEV sales accounted for 53% of world total in July, data show
China's market share increased by 6 percentage points in July from 47 percent in June, while Europe fell to 31 percent from 39 percent and the US grew to 12 percent from 11 percent.
China supports development of solid-state, cobalt-free batteries, official says
China supports the development of all-solid-state lithium batteries, cobalt-free power batteries, and industrial hybrid lithium-ion batteries.
China's NEV sales expected to exceed 1.7 million in Jan-Aug, tripling year-over-year
The penetration of NEVs - their share of total sales - exceeded 10 percent in the first eight months.
Guangdong NEV production up 204.8% year-over-year in Jan-July
From January to July, the value-added of the automobile manufacturing industry in Guangdong grew 20.7 percent year-over-year.
New report expects China to sell over 3 million NEVs this year
A conservative estimate of 60 percent of total annual sales in the second half of 2021 means 1.8 million unit sales in the second half of 2021, with annual sales exceeding 3 million units, the report said.
Beijing to step up support for hydrogen fuel cell vehicles
Beijing has been approved as a demonstration city for hydrogen fuel cell vehicles and will increase its support for the sector.
