China takes back the crown in electric cars. According to the China Association of Automobile Manufacturers (CAAM), 271,000 "NEV" were sold in the country in July 2021 alone.
The abbreviation stands for the term "New Energy Vehicle" under which the Chinese government combines battery electric vehicles (BEV) but also hydrogen cars (FCEV) and plug-in hybrids (PHEV). In China, these NEVs receive government funding.
Sales: Almost 1.5 million NEV 2021
According to the CAAM, the sales rate from July with 271,000 vehicles is 164.4 percent above the same month last year and 5.8 percent above June 2021. In the first half of the year, the Total sales of the NEV to 1.478 million models - an increase of 197.1 percent over the previous year. However, China also struggled with the effects of the corona pandemic and the corresponding lockdowns during this period. Nevertheless, the "New Energy" vehicles in China achieved a market share of ten percent in the first half of the year.
China is turning the production screw
The production of vehicles with alternative drives also increased in the first six months. 1.504 million NEV rolled off the assembly lines of the domestic production plants. This number means an increase of 195.6 percent compared to the first half of 2020. In July alone, the car manufacturers produced 284,000 BEV, FCEV and PHEV models.
And the Chinese Auto is also putting in exports industry. 127,000 vehicles exported correspond to an increase of 384.9 percent compared to January to July 2020. Looking at July, exports reached even larger spheres: 39,000 cars with alternative drives accounted for an increase of 847.9 percent.
Car market in China inconsistent
However: The overall car market in China is inconsistent In July 2021, 1.864 million units were sold sold, 11.9 percent less than in the same month last year and 7.5 percent less than in the previous month. From January to July, however, 14.756 million cars were sold, an increase of 19.3 percent over the previous year.
,In the photo show you can see the most popular cars in China 2020.
Conclusion
China saw strong growth in production, sales and exports of electric cars (BEV, PHEV and FCEV) in July and in 2021 as a whole. The car market as a whole is also growing by 19.3 percent, with the exception of one dip in July.
