China Auto Market
China NEV retail at 664,000 in Sept 1-22, up 7% from same period last month
China's NEV retail penetration stood at 53.41 percent in the September 1-22 period, and 45.36 percent year-to-date.
China NEV retail at 445,000 in Sept 1-15, up 12% from same period last month
China's NEV retail penetration was 53.74 percent in the September 1-15 period, and 45.15 percent year-to-date.
China NEV retail at 214,000 in Sept 1-8, up 11% from same period last month
China's NEV retail penetration was 55.15 percent in the September 1-8 period, and 44.92 percent year-to-date.
China NEV retail at 718,000 in Aug 1-25, up 18% from same period last month
China's NEV retail penetration was 55.1 percent in the August 1-25 period, and 44.3 percent year-to-date.
China NEV retail at 490,000 in Aug 1-18, up 27% from same period last month
China's NEV retail penetration rate was 54.02 percent in August 1-18, and 43.92 percent year-to-date.
China NEV retail at 274,000 in Aug 1-11, up 25% from same period last month
China's NEV retail penetration rate was 52.59 percent in August 1-11, and 36.29 percent year-to-date.
China NEV retail at 722,000 in Jul 1-28, down 5% from same period last month
China's retail penetration of NEVs stood at 51.86 percent in the July 1-28 period, and 43.05 percent year-to-date.
Low-priced NEVs to benefit most from higher trade-in subsidies in China, says Deutsche Bank
BYD and Leapmotor will benefit the most, followed by Xpeng, Geely Auto, Changan, Great Wall Motor and GAC due to their relatively large exposure to low-priced vehicles, said Deutsche Bank.
China doubles subsidies to encourage consumers to replace old cars
Consumers can get a RMB 20,000 subsidy for scrapping an old car and buying an NEV, and a RMB 15,000 subsidy for buying a fuel car of 2.0 L or less, both doubled from previous levels.
China NEV retail at 461,000 in Jul 1-21, down 2% from same period last month
China's retail penetration of NEVs stood at 49.35 percent in the July 1-21 period, and 42.45 percent year-to-date.
