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10 SEPTEMBER 2019 AL CIRCLE

China’s NEV sales down 15.5% YoY, but up 6% MoM in August

EDITED BY : HEENA IQBAL 1MINS READ

China Passenger Car Association (CPCA) data shows that China’s wholesale new energy vehicle (NEV) sales dropped 15.5 per cent year-on-year in August, as selling costs sharply grew after the government scaled back its subsidies in June. NEV sales came in at 71,000 units last month.

new energy vehicles

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But wholesale volumes of new energy passenger vehicles increased 6 per cent month-on-month in August, CPCA data showed. Sales of wholesale new energy passenger vehicle sales in China rose 41.7 per cent from the same period last year to 714,000 units in the first eight months of 2019.

Pure electric vehicles sales rose 17 per cent year-on-year last month. Sales of hybrid ones declined 17 per cent month-on-month and 46 per cent year-on-year.

red mud

In another update from SMM, the China Passenger Car Association (CPCA) said on Monday September 9 that retail sales of sedans, sport utility vehicles, and multipurpose vehicles in China stood1.56 million units in August. That was down 9.9 per cent year-on-year, but up 5.4 per cent month-on-month.

Tagged with:

China Electric vehicles

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EDITED BY : HEENA IQBAL 1MINS READ

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