Key Allies China analysis on NEV market in August 2021
NEV (New Energy Vehicles) monthly sales data and market analysis
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.
Source: China Association of Automobile Manufacturers (CAAM)
According to statistics of the China Association of Automobile Manufacturers (CAAM), in August 2021, sales of New Energy Vehicles surpassed 300,000 units, to 319,000 units. Sales are up 193.9% compared to August 2020 and 18.7% compared to July 2021.
Sales in the January-August period totaled 1,787,000 units. This is an increase of 193.9% over the same period last year.
By vehicle type, New Energy Passenger Cars accounted for 95.4% of the market. At the same time as the overall market is expanding, the share of passenger cars is also continuing to grow.