China’s Production And Sales of New Energy Vehicles Both Exceeded Million for The First Time in November 2023

According to statistics and analysis from the China Association of Automobile Manufacturers, China's production and sales of new energy vehicles exceeded one million units for the first time in November 2023.

Data shows that in November 2023, China's production and sales of new energy vehicles reached 1.074 million and 1.026 million, respectively, with a year-on-year increase of 39.2% and 30%, and a market share of 34.5%.

From January to November 2023, China's production and sales of new energy vehicles reached 8.426 million and 8.34 million, respectively, with a year-on-year increase of 34.5% and 36.7%, and a market share of 30.8%.

In addition, in November 2023, the domestic sales of new energy vehicles in China reached 929,000 units, with a month-on-month increase of 11.7% and a year-on-year increase of 33.9%. From January to November 2023, the domestic sales of new energy vehicles reached 7.212 million units, with a year-on-year increase of 31.7%.

In terms of export data, in November 2023, China exported 97,000 new energy vehicles, with a decrease of 21.8% month-on-month and a year-on-year increase of 1.6%. From January to November 2023, China exported 1.091 million new energy vehicles, with a year-on-year increase of 83.5%.

Source: Industry Information Department of China Automobile Association

Translated by; WONDEE Autoparts

2023/12/19