Key Allies China analysis on NEV market in August 2020

NEV (New Energy Vehicles) monthly sales data and market analysis

2020/09/30

Analysis of NEV industry (Chinese market)

This report was based on the “research report on new energy vehicle (NEV) (electric vehicles [EVs], plug-in hybrid vehicles [PHVs], and fuel cell vehicles [FCVs])” industry prepared by the Chinese consulting firm Key Allies, and the report was edited and translated by MarkLines.

Related reports:
Key Allies China analysis on NEV market in July 2020(September 2020)
Key Allies China analysis on NEV market in June 2020(August 2020)
Key Allies China analysis on NEV market in May 2020(July 2020)
Key Allies China analysis on NEV market in April 2020(June 2020)

 

Table 1) NEV production volume by vehicle type (thousand units) Table 2) NEV monthly production volume (thousand units)
Table 3) NEV sales volume by vehicle type (thousand units) Table 4) NEV monthly sales volume (thousand units)

(Note: CAAM’s figures are rounded off; therefore, figures of items may not add up to the figures in totals.)
Source: CAAM


   According to statistics of the China Association of Automobile Manufacturers (CAAM), production of New Energy Vehicles (NEVs) in August 2020 increased 19.5% year-over-year (y/y) to 105 thousand units and sales of NEVs rose 27.0% y/y to 109 thousand units, marking an increase for the second consecutive month. From January to August 2020, production and sales of New Energy Vehicles were 596 thousand units and 590 thousand units, respectively, of which NEV passenger car production and sales were 544 thousand and 537 thousand units, NEV commercial vehicle production and sales were 52 thousand and 53 thousand units respectively.