#November New Energy Vehicle Sales in China Reach Half a Million for the First Time

The National United Automobile Association (CnAuto) has announced its latest data on new energy vehicle sales in November, with China's total sales reaching 1.46 million units for the month, marking an increase of 51% year-over-year and 6% from the previous month.

New energy vehicles accounted for more than half of all passenger cars sold nationally last month, suggesting further consolidation at manufacturers who dominate this market segment. In the ranking, BYD tops with 50,400,300 units sold, significantly surpassing its nearest competitor, which reported 12,24,53 units sold - almost four times less - that is second in line.

Among other notable manufacturer rankings for last month, Geely ranks #2 at 12,24,53 units, followed by Daimler at 11,39,98 units, Ganfi Automobile at 9,86,94 units, Tesla China at 7,85,56 units, Chery Automobile 720,23 units. These figures showcase the overall trends in the Chinese market.

Ranking data from top manufacturers of new energy vehicles, with most major brands holding a domestic presence.

Third-tier automotive companies made up to the top ten of the list, including Ideal Motors at #3, Ge Guan-E in position 4, Zero-car in fifth, Dong Feng Automobile ranked sixth. There are seven automakers which managed to break into the tenth slot of this hierarchy.

A wider range of automotive products entered the market with many consumers opting for renewal and replacement policies; among that bunch comes an impressive rise in sales of hybrid vehicles.

The CnAuto indicates that vehicle markets continue maintaining a high atmosphere from last month, largely due to updates on policy measures promoting their sale. The association says the latest monthly data indicates there's an enduring growth in car market, but we still await this year end forecast.