China’s new energy vehicle (NEV) sales in June reached a new high for the year, with battery electric vehicle (BEV) sales showing strong growth compared to plug-in hybrid electric vehicles (PHEVs). According to data from the China Association of Automobile Manufacturers (CAAM), NEV sales totaled 1,329,000 units, marking a 26.7 percent year-on-year increase and a 1.68 percent increase from May.
BEV sales in June reached 859,000 units, up 40.4 percent year-on-year, while PHEV sales totaled 470,000 units, reflecting a 7.8 percent increase compared to the same period last year.
Overall vehicle sales in June reached 2,904,000 units, up 13.8 percent year-on-year and 8.1 percent from May. The NEV penetration rate for the month was 45.8 percent, higher than the previous year but slightly lower than May’s figure of 48.7 percent.
Domestic NEV sales in June, excluding exports, reached 1,124,000 units, a new high for the year with a 16.79 percent year-on-year increase. Additionally, a record 592,000 vehicles were exported from China in June, with NEV exports totaling 205,000 units, up 140 percent year-on-year.
BEV exports in June totaled 130,000 units, up 100 percent year-on-year, while PHEV exports reached 75,000 units, reflecting a 240 percent increase compared to the same period last year.
Tesla’s market share in China’s NEV market in June was higher than in May but lower than the previous year. The company continues to be a key player in the Chinese NEV market, with a significant presence in both BEV and PHEV segments.
Overall, China’s NEV market continues to show strong growth, with BEVs leading the way in terms of sales and market share. The industry is poised for further expansion as demand for electric vehicles continues to rise globally.
