Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

Market share of China's NEV sales rises in 2022

February 06, 2023


Abstract : The proportion of new energy vehicles (NEVs) in China's new car sales has increased from one eighth in 2021 to one fourth in 2022, Xu Xingfeng of the Ministry of Commerce (MOC) of China was quoted as saying at a press conference held last week.

photo 0203.jpeg

Visitors view a new-energy vehicle displayed at the 2022 World Manufacturing Convention in Hefei, east China's Anhui Province, Sept. 21, 2022. (Xinhua/Zhou Mu)

BEIJING, Feb. 6 (Xinhua) -- The proportion of new energy vehicles (NEVs) in China's new car sales has increased from one eighth in 2021 to one fourth in 2022, Xu Xingfeng of the Ministry of Commerce (MOC) of China was quoted as saying at a press conference held last week. 

Xu introduced that in 2022, China's new car sales hit 26.864 million units, a year-on-year increase of 2.1 percent, ranking the first in the world for 14 consecutive years. Among them, the performance of NEVs is eye-catching, with domestic sales seeing an annual growth rate of 93.4 percent. Export sales of NEVs increased by 131.4 percent year on year.

Earlier, China released an NEV industry development plan,  proposing that by 2025, the sales volume of NEVs will reach about 20 percent of the total sales of new vehicles. Xu said that the proportion has now reached 25.6 percent, and the target has been completed three years ahead of schedule.

Talking about stabilizing and expanding automobile consumption, Xu pointed that China will further support the consumption of NEVs and the utilization environment in various aspects will be further improved. 

(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: NEV sales

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial