Monthly Data

At retail, NEVs reached a record 36.3 percent penetration rate in November.

From January to November, Tesla delivered 397,844 vehicles in China, up 59.05 percent from 250,141 vehicles in the same period last year.

Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.

This represents an 89.73 percent increase over the 52,859 vehicles sold in the same month last year and a 39.87 percent increase over the 71,704 vehicles sold in October.

BYD returned to second place in the global power battery market in October, overtaking LG Energy Solution.

The BYD Yuan family sold 29,402 units in November, while the Qin family sold 28,320 units.

BYD sold 113,915 BEVs and 116,027 PHEVs in November.

Fab 5 China EV sales came in stronger than expected as new product cycles at Li Auto and Nio really start to kick in, leading to record monthly volumes despite a weak macro backdrop, said Edison Yu's team.

From January to November, Leapmotor delivered 102,675 vehicles, up 190.8 percent from 35,314 vehicles in the same period last year.

Xpeng expects deliveries to increase significantly in December as production of the G9 ramps up under normal operating conditions.