China NEV Market
Analyst says China's new energy vehicle penetration set to exceed expectations
New energy vehicles have been one of the most discussed topics in China over the past year, and in the view of analysts, their replacement of traditional fuel vehicles is proceeding at a high rate.
China's major new car makers' Jan-May deliveries already close to full year 2020
After shaking off the effects of last year's Covid-19, deliveries by China's major new car makers have all come to normal levels, putting them close to last year's full-year deliveries for the first five months.
About half of world's new energy vehicles now in China
By the end of May 2021, China had about 5.8 million new energy vehicles, accounting for about 50 percent of the world's total, Xinhua news agency said Friday.
China's NEV sales expected to grow at annual rate of over 40% in next five years
In the next five to eight years, China will gradually phase out and replace about 200 million vehicles with exhaust emissions that meet only "China IV" standards and below, giving the electric vehicle market huge space.
China's new energy passenger vehicle penetration rate rose to record high of 12% in May
The continued increase in sales of premium electric models so far this year, while traditional fuel vehicles have been more severely affected by chip shortages, has allowed new energy passenger car penetration to rise rapidly.
China accounts for 47% of global new energy vehicle sales in Jan-April
In 2018 and 2019, more than half of global new energy vehicle sales come from China. In 2020 with the impact of Covid-19, China's contribution declined. Now, with the rapid growth of the market, China has regained its share.
Allowing couples to have three children seen as good for China's 7-seat car market
"This policy is a major boon to the car market and will help the 7-seater market grow."
Why are Chinese tech firms joining car-making bandwagon one after another?
In today's China, it's no longer surprising to see tech giants announcing their entry into the car-building industry.
China's new energy vehicle sales up 239% year on year in March
China's new energy vehicle sales in March were 226,000 units, up 238.9 percent year on year, according to data released Friday by the China Association of Automobile Manufacturers (CAAM).
Sales of NEVs and hybrids in China expected to grow over 15 times by 2035, report says
Wood Mackenzie expects new energy vehicles and hybrids to dominate new car sales in China through 2035.