China NEV Market
China's H1 NEV sales exceed 1.2 million units
China's new energy vehicle (NEV) sales from January to June were 1.206 million units, up 2 times year-over-year and 92.3 percent from the same period in 2019.
CITIC Securities raises its forecast for NEV sales in China to 2.83 million units in 2021
In a research note released Thursday, CITIC Securities raised its China 2021 NEV sales forecast to 2.83 million units from 2.49 million units, implying a 121 percent increase from 2020.
Shanghai aims to reach about $54 billion in NEV output by 2025
Shanghai aims to further increase the share of electric vehicles and fuel-cell vehicles, promote the transformation of car companies into emerging industries and nurture auto parts companies with tens of billions yuan in sales.
China's NEV penetration rate hit record high of 15% in June
That's up 3 percentage points from May and up 7 percentage points from 8 percent in January. The ratio was 11 percent in the first half of this year, an increase of 5 percentage points from 2020.
China's new energy firms scrambling to raise capital to expand capacity
The huge market demand generated by China's new energy industry chain has led to a large number of companies actively raising capital to expand their production capacity.
China's retail sales of new energy passenger vehicles reached 223,000 units in June, up about 170% from a year earlier
Wholesale sales of new energy passenger vehicles in China reached 227,000 units in June, up 14.7 percent from May and 165.7 percent year-over-year.
Xpeng CEO expects China's NEV penetration to reach 30% by 2025
China's NEV penetration could reach 30 percent by 2025, and even 60 percent in first-tier cities where there are restrictions on car purchases, he said.
China's new energy vehicle ownership exceeds 6 million
The number of newly registered new energy vehicles in the first half of the year was a record high of 1.103 million, an increase of 774,000 units or 234.92 percent compared with the same period last year.
China's June auto sales forecast at 1.926 million units, down 16% from a year earlier
It is worth noting that the electric car companies that have now announced their June sales are all performing strongly.
Chinese analysts give their 10 predictions for smart car industry
The rapid growth of the new energy vehicle industry has put China on the edge of a new technological revolution. What does this mean for investors? What trends are coming?