NEWS CENTER
Chinese Auto Market Analysis of NEV In 2023
Overview
In 2023, Penetration rate of NEV reached 33.7% in Chinese auto market.Total NEV sales volume of China market reached 7.304 million units , with a YoY growth of 39.2%. BEV market achieved the sales volume of 4.935 million units, with a YoY growth of 24.4%. PHEV (incl. REEV) achieved the volume of 2.369 million units, with a YoY growth of 85.0%. PHEVs have a remarkable growth in 2023, with the penetration rate of 32.4%, increased by 8pct compared with the year 2022.
TOP Brands Performance
Top10 sales brands in 2023 are BYD (2,387,000 units), Tesla (610,000 units), Aion (437,000 units), Li Auto (376,000 units), NIO (160,000 units).BYD Aions LiAuto NIO is local brand in China.
