Highlights Sales hit record high of 450,000 units in Nov Market share shoots to 17.8% of total vehicle sales China’s new energy vehicle sales reached an all-time high of 450,000 units in November, rising 121% on the year and 17% higher than October, China Association of Automobile Manufacturers, or CAAM, said Dec. 10.
NEV sales accounted for 17.8% of China’s total vehicle sales in November and has accounted for 10% of the market share for seven consecutive months, S&P Global Platts calculation showed. China’s NEV output surged 128% on the year, to 457,000 units in November, while the figure went up 15% month on month. Both NEV output and sales have been rising for 17 straight months on an annual basis. The major pickup in China’s NEV sales was seen in May this year, as […]