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Industry

China's NEV sales surge 44.1 pct in H1

July 12, 2023


Abstract : China's new energy vehicle (NEV) sales surged 44.1 percent year on year to nearly 3.75 million units in the first half of 2023, data from the China Association of Automobile Manufacturers showed Tuesday.

This photo taken on July 3, 2023 shows China's 20 millionth new energy vehicle (NEV) produced by GAC Aion New Energy Automobile Co., Ltd. in Guangzhou, south China's Guangdong Province. (Xinhua/Deng Hua)

BEIJING, July 11 (Xinhua) -- China's new energy vehicle (NEV) sales surged 44.1 percent year on year to nearly 3.75 million units in the first half of 2023, data from the China Association of Automobile Manufacturers showed Tuesday.

NEV sales in June stood at 806,000 units, increasing 35.2 percent from a year ago.

The output of NEVs in the country totaled nearly 3.79 million units in the first six months, expanding 42.4 percent year on year, the data revealed.

Data also showed that China exported a total of 534,000 NEVs in the first half, expanding 160 percent year on year.

Building on the robust growth momentum, China has stepped up policy support in its NEV sector, particularly in its vast rural areas.

In May, China released a guideline to support people living in rural areas to purchase and use NEVs, with a focus on boosting the construction of charging infrastructure.

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Keyword: NEV

Reading:

China's NEV sales surge 25.2 pct in June

GM delivers over 520,000 vehicles in China in Q2

China's Shenzhen to build 300 supercharging stations within three years

China NEV sales for June expected to hit historic high

NEV sales take off as China supercharges the burgeoning industry

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