China (CAAM): November car sales: NEV, full year positive
-To 30 million units in 2025-
Shanghai
December 14, 2020
China Automobile Manufacturers Association (CAAM):
Announced on December 11th.
Vehicle sales in November increased 12.6% year-on-year to 2.77 million units.
It has increased year-on-year for eight consecutive months since April, and has continued to increase by double digits since May.
Breakdown:
Passenger car sales increased 11.6% to 2,297,000 units,
Commercial vehicles increased 18.0% to 472,000 units,
NEV has doubled to 200,000 units.
NEV:
Since turning positive in July, the recovery in unit sales has been remarkable.
October and November showed a large increase of double the same month last year.
January-November car sales:
It is still negative at 22.47 million units, down 2.9% from the same period of the previous year.
The rate of decrease improved by 1.8 points from January to October.
New energy vehicles turned positive, rising 3.9% year-on-year to 1,109,000 units.
–JETRO
https://www.jetro.go.jp/biznews/2020/12/2feec76b3f181da6.html