Key Allies China analysis on NEV market in November 2021

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

2021/12/22

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 October 2021(November 2021)
Key Allies China analysis on NEV market in September 2021(October 2021)
Key Allies China analysis on NEV market in August 2021(September 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 in November 2021 increased 124.9% over the same period last year and 17.6% over the previous month to 448,000 units. Both year-over-year (y/y) and month-over-month (m/m) sales continued to increase in November, but the level of increase was slightly smaller than previous. Sales of New Energy Vehicles have maintained increases since April, and this month's sales reached a record high, surpassing 400,000 units.

  Sales for the January-November period totaled 2,972,000 units. This is an increase of 167.2% over the same period last year.

  By vehicle type, New Energy Passenger Cars accounted for 95.5% of the total. The share held by passenger cars is increasing every year.