Some analysts expect China to sell more than 6 million EVs in 2022.
China sold 450,000 New Energy Vehicles (NEVs) in November, up 121.1 percent year-on-year and 17.3 percent from October, according to data released today by the China Association of Automobile Manufacturers (CAAM).
New energy passenger vehicle sales in November were 427,000 units, up 125.9 percent year-on-year. Among them, pure electric vehicle sales were 339,000 units, up 116.1 percent year-on-year, and plug-in hybrid sales were 88,000 units, up 174 percent year-on-year.
January-November sales of NEVs in China were 2.99 million, up 166.8 percent year-on-year, the data showed.
January-November new energy passenger car sales were 2.837 million, up 177.6 percent year-on-year. Among the figures, pure electric vehicle sales were 2.138 million units, up 185.3 percent year-on-year, and plug-in hybrid sales were 519,000 units, up 147.6 percent year-on-year.
It's worth noting that the CAAM doesn't specify, but as long as the cars produced by the car companies are sold to dealers, they can be counted as sales, so the figure is the wholesale volume.
China's NEV production in November was 457,000 units, up 127.8 percent year-on-year. From January to November, China's NEV production was 3,023,000 units, up 167.4 percent year-on-year.
China's exports of NEVs were 37,000 units in November, up 189.9 percent year-on-year and down 38.1 percent from October.
Sales of all vehicles in China were 2.252 million units in November, down 9.1 percent from a year earlier and up 8.1 percent from October. 23.489 million units of all vehicles were sold in China from January to November, up 4.5 percent from a year earlier.
The CAAM said China's macroeconomic operations were generally stable in November, with electricity supply tensions easing and raw material prices easing.
The auto industry overcame tight chip supply, a sporadic Covid-19 outbreak and policy and regulatory adjustments, and the overall production and sales situation was slightly better than expected at the beginning of the month, it said.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.