According to data released by the China Association of Automobile Manufacturers (CAAM), sales of New Energy Vehicles (NEV) in China stood at 653,000 units last month. This represents a year-on-year increase of 34.8 per cent and a 24.4 per cent increase compared to February.
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China has set a new record for new energy car sales in the past month. 675,000 NEV passenger cars were sold in September 2022, 43,000 more than the previous record month of August 2022, of which 507,000 were BEVs and 168,000 were PHEVs.
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China’s Ministry of Transport (MOT) wants to boost EV charging along the country’s highways, according to a construction outline seen by the Global Times. The Ministry assumes the new facilities must have the capacity to serve 20 million new energy vehicles by 2024.
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Sales of new energy vehicles in China reached a new record of 571,000 in June. Compared to May 2022, sales of these passenger cars (BEV, PHEV and FCEV cumulatively) increased by 150,000.
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BYD posted a net profit of 808 million yuan (116 million euros) in the first quarter of 2022, up 241 per cent from the same quarter last year. Sales increased by 63 per cent to 66.8 billion yuan.
Read moreChina is faced with an enormous wave of batteries ready for reuse and recycling stemming from the world’s largest EV uptake starting around six years ago. In the last six months, the Chinese government has issued a series of new directives to ensure the battery reuse and recycling industries can effectively expand to scale.
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The Chinese manufacturer Dongfeng Motor has started building a new production facility for electric off-road vehicles in Wuhan. This is scheduled to start production in 2023 with a planned capacity of 10,000 vehicles.
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The electric car sales of the Chinese manufacturers BYD, Nio and Xpeng increased significantly in April. The GM-Wuling HongGuang Mini EV continues to see higher sales than any other electric car in China, while Tesla reports somewhat confusing figures for April.
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In China, the decline in sales figures for new energy vehicles appears to be levelling off as some manufacturers’ sales figures for July seem to indicate. The Xpeng P7 market launch also apparently went well.
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In view of the sharp drop in electric car sales, the Chinese government is considering extending its subsidies for new energy vehicles beyond this year. This comes contrary to the government’s original plan of phasing out those subsidies.
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GAC New Energy Automobile, GAC’s electrified offshoot, has launched the second model of its Aion EV series in China. The new vehicle, the Aion LX, is a purely electric SUV with CATL cells and a range of up to 650 kilometres (NEDC).
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The purchase of electric cars and plug-in hybrids, the so-called New Energy Vehicles, will remain exempt from VAT in China until the end of 2020. This has now been confirmed by the Ministry of Finance and the State Tax Administration in a joint statement.
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After China has been cutting EV subsidies before abolishing them next year, Beijing is still pro new energy vehicles and is planning to do away with limits on number plates for newly registered NEVs.
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According to a recent survey in China, nearly 70 per cent of respondents said they regretted buying a new-energy vehicle (NEV). Batteries are the most common customer complaint: Problems range from draining too fast, to running dangerously hot, others do not perform as advertised. Around 40 NEVs spontaneously combusted in China last year.
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Beijing just published new rules that hold makers of electric vehicles responsible to collect and recycle their batteries. The industry ministry also calls for a service network through which the public can repair or exchange their old batteries.
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Daimler and BAIC want to invest 11.9 billion yuan, or 1.5 billion euros, in China through their joint venture Beijing Benz Automotive to build a new local production facility. They will produce new energy vehicles among other models.
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The joint venture FAW-Volkswagen plans to roll out seven new energy vehicles under the Audi label in China by 2020. The line-up will include both PHEVs as well as pure electric cars such as Audi’s upcoming electric SUV that will also be made in China.
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