Key Allies China analysis on NEV market in September 2021

 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 August 2021（September 2021）
Key Allies China analysis on NEV market in July 2021（August 2021）
Key Allies China analysis on NEV market in June 2021（July 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 from the China Association of Automobile Manufacturers (CAAM), sales of new energy vehicles (NEVs) in September 2021, up 160.2% year-over-year (y/y) and 11.7% month-over-month (m/m) to 356,000 units.

  The momentum of the sharp increase in August has yet to slow down, and the number of units sold this month reached a record high. The substitution effect on the gasoline car market has been realized, and the shift to NEVs in the automobile market is accelerating.

  Sales in the January-September period totaled 2.144 million units. This is an increase of 186.1% over the same period last year.

  By vehicle type, new energy passenger cars accounted for 95.4% of total sales. As the overall market expands, the share of passenger cars continues to grow.