China NEV Market
China to create more convenience for NEVs in charging and use
Chinese cities are encouraged to create more convenience for new energy vehicles in scenarios including charging, traffic access, and parking, said Gao Feng, a spokesman for the Ministry of Commerce, on Thursday.
China's July NEV sales up 164% year-over-year to 271,000 units, CAAM data show
In contrast, China's July auto sales declined 11.9 percent compared to the same month last year.
China's retail sales of new energy passenger vehicles were 222,000 units in July, up 169% from a year earlier
Retail sales of new energy vehicles from January to July reached 1.229 million units, up 210.2 percent year-over-year.
China's new energy passenger car penetration rate on track to reach 13% this year, expert says
Cui made the call based on the rapid growth of China's new energy vehicle industry this year, saying he believes the CPCA's June forecast for new energy passenger vehicle sales to reach 2.51 million units this year was conservative and will be revised upward in the future.
Southwest China's Chengdu requires new vehicles used for ride-hailing to be NEVs
Chengdu, famous for being the home of China's panda breeding program, recently issued new regulations on the ride-hailing industry, requiring new vehicles used for ride-hailing to be new energy vehicles.
China's official securities paper focuses on overcapacity of new car makers
Nio, Li Auto, and Xpeng have gone public and entered a positive cycle; however, many other new automakers have fallen into production suspensions, unpaid salaries, and bankruptcies, the report said.
Shenzhen is the city with most NEVs in China
The southern Chinese megalopolis of Shenzhen has the largest number of new energy vehicles in China for the sixth consecutive year, with 480,000 vehicles, or about 14 percent of the city's motor vehicle fleet, by the end of 2020.
One of China's highest-level meetings calls for support to speed up development of NEVs
The Political Bureau of the Communist Party of China Central Committee said at a meeting on Friday that the country should tap the potential of the domestic market and support the accelerated development of new energy vehicles, according to Xinhua.
Anhui aims to produce over 10% of China's NEVs by 2023
Anhui accounted for about 7 percent of China's NEV production in the first half of the year.
Chinese automakers can now start trading their NEV credits, what does this mean for Nio, Xpeng, and Li Auto?
Car companies including Nio, Xpeng Motors, Li Auto, Tesla China, and BYD have accumulated a lot of new energy credits last year, and now they can start trading them.
