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BackChina's new energy vehicle exports accounted for more than 50% for five consecutive months
China's new energy vehicle exports accounted for more than 50% for five consecutive months
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中国新闻网20 minutes agoBusiness1 min readChinaView original

China's new energy vehicle exports accounted for more than 50% for five consecutive months

New energy vehiclescar exportChina Association of Automobile Manufacturers

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China News Service, Beijing, November 11th, China Association of Automobile Manufacturers released data showing that China's automobile production and sales increased month-on-month in October, with monthly exports remaining above 1 million vehicles for five consecutive months, of which new energy vehicle exports accounted for more than 50% for five consecutive months.

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Why It Matters

China's new energy vehicles have maintained rapid growth in recent years, and the scale of exports has continued to expand.

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China News Service, Beijing, November 11 (Reporter Liu Wenwen) China's new energy vehicle exports have accounted for more than 50% for five consecutive months.

This reporter learned this from the China Association of Automobile Manufacturers on the 11th. According to reports, in October, China's automobile production and sales increased month-on-month but declined year-on-year. Exports have maintained strong resilience, with monthly export volume remaining above 1 million units for five consecutive months. New energy vehicles have grown steadily, and their sales proportion has continued to increase. Favorable factors have effectively supported the smooth operation of the industry.

Data released that day showed that in October, automobile production and sales completed 3.063 million units and 3.016 million units respectively, a month-on-month increase of 2.5% and 2% respectively, and a year-on-year decrease of 8.8% and 9.2% respectively. From January to October, automobile production and sales totaled 26.318 million units and 26.286 million units, down 5% and 5.1% respectively year-on-year.

In terms of new energy vehicles, in October, the production and sales of new energy vehicles were 2.017 million and 1.94 million respectively, a year-on-year increase of 13.8% and 13.1% respectively. The sales of new energy vehicles accounted for 64.3% of the total sales of new automobiles. From January to October, the cumulative production and sales of new energy vehicles were 14.509 million and 14.411 million, a year-on-year increase of 11.5% and 11.3% respectively. New energy vehicle sales accounted for 54.8% of the total new automobile sales.

In terms of exports, in October, 1.066 million vehicles were exported, a month-on-month increase of 1.3% and a year-on-year increase of 60.2%. Among them, 606,000 new energy vehicles were exported, a month-on-month increase of 6.2% and a year-on-year increase of 1.4 times. The proportion of new energy vehicle exports has exceeded 50% for five consecutive months.

Open Questions

  • Will the growth rate of new energy vehicle exports be sustainable in the next few months?

Related Topics

New energy vehicles
PeopleLiu WenwenLiu Ranyang
OrganizationsChina News ServiceChina Association of Automobile ManufacturersChery Automobile
PlacesBeijingKunming
Topicscar exportChina Association of Automobile ManufacturersAutomobile production and salesKunming International Auto Show
This article was originally published by 中国新闻网.

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