Key Allies China analysis on NEV market in March 2021

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

2021/04/30

NEV (New Energy Vehicle) Industry Analysis

 This report is based on the “New Energy Vehicle (NEV) (electric vehicles [EVs], plug-in hybrid vehicles [PHVs], and fuel cell vehicles [FCVs]) Industry Research Report” prepared by the Chinese consulting firm Key Allies; the report was edited and translated by MarkLines.

Related reports:

Key Allies China analysis on NEV market in February 2021(March 2021)
Key Allies China analysis on NEV market in January 2021(March 2021)
Key Allies China analysis on NEV market in December 2020January 2021

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

Source: China Association of Automobile Manufacturers (CAAM)

 According to statistics of the China Association of Automobile Manufacturers (CAAM), sales of New Energy Vehicles (NEVs) in March 2021 increased by 332.7% year-over-year (y/y) to 224,000 units. This is an increase of 104.8% over February 2021. After December 2020, sales in March were the second highest in the last three years. Sales in the three-month period January through March reached 512,000 units. This represents a 281.7% increase over the same period in the previous year. By vehicle type, New Energy Passenger Cars are growing rapidly, and the proportion of passenger cars among all vehicle types exceeds 95%.