According to the latest data released today (October 11) by the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in my country continued to achieve relatively high growth from January to October this year. Notably, in October, monthly sales of new energy vehicles exceeded 50% of total new vehicle sales for the first time.
Latest data shows that from January to October this year, China's automobile production and sales reached 27.692 million and 27.687 million units respectively, both representing year-on-year growth of over 10%. Among them, the production and sales of new energy vehicles reached 13.015 million and 12.943 million units respectively, representing year-on-year growth of 33.1% and 32.7%. Notably, in October, monthly sales of new energy vehicles exceeded 50% of total new vehicle sales for the first time, reaching 51.6%. Regarding exports, from January to October this year, exports of new energy vehicles reached 2.014 million units, a year-on-year increase of 90.4%.
Chen Shihua, Deputy Secretary-General of the China Association of Automobile Manufacturers, stated that the continued high growth of new energy vehicles this year is due to two main factors. Firstly, the domestic vehicle trade-in subsidy policy remains effective, offering substantial subsidies and broad benefits, thus driving the high growth of the new energy vehicle market. Secondly, the halving of the purchase tax on new energy vehicles next year has led some consumers to purchase vehicles ahead of schedule, ushering in a new wave of consumption in the new energy vehicle market.
Experts also stated that the continuous enrichment of new product supply, the ongoing upgrading of product technology, and the continuous improvement of the energy replenishment system by Chinese new energy vehicle manufacturers have all contributed to the high growth of the new energy vehicle market this year.
