China's Production and Sales of New Energy Vehicles Continued to Set a New Record in July 2021

According to the statistical analysis of China Automobile Industry Association, in July 2021, the new energy vehicle market showed the characteristics of "not light in the off-season", the production and sales continued to grow month on month and year-on-year, and both reached a record high.

In July 2021, the production and sales of new energy vehicles reached 284,000 and 271,000 respectively, with a month on month increase of 14.3% and 5.8%, and a year-on-year increase of 1.7 times and 1.6 times. 

From January to July 2021, the production and sales of new energy vehicles reached 1.504 million and 1.478 million respectively, with a year-on-year increase of 2 times.

In July 2021, among the main varieties of new energy vehicles, the production and sales of pure electric and plug-in hybrid vehicles set new records, and the growth rate of plug-in hybrid vehicles was more obvious than that of the previous month. The production and sales of pure electric vehicles increased by 1.8 times and 1.7 times respectively year-on-year. The production and sales of plug-in hybrid vehicles increased by 1.5 times and 1.6 times respectively year-on-year. The production and sales of fuel cell vehicles increased by 3.6 times and 48 times respectively year-on-year.

From January to July 2021, among the main varieties of new energy vehicles, the production and sales of pure electric vehicles increased by 2.2 times year-on-year. The production and sales of plug-in hybrid vehicles increased by 1.1 times and 1.3 times respectively year-on-year. The production and sales of fuel cell vehicles increased by 48.5% and 47.7% respectively year-on-year.

Source: China Automobile Industry Association