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China’s NEV Market Grows Despite Overall Slump in December

1Jan

By S.MartinezNo Comments

EV & Electric Cars, Industry & Business, News

China’s NEV Market Grows Despite Overall Slump in December

As the year winds down, China's new energy vehicle (NEV) market is showing signs of resilience. From December 1 to 28, NEVs saw a modest increase in retail sales by 5% compared to last year despite overall passenger car sales dropping 17%. It's clear that electric vehicles aren't just here to stay—they're growing stronger.Key TakeawaysThe NEV market in China grew by 5% from December 1-28, year-on-year.Total passenger car sales dropped 17%, highlighting the strength of electric vehicles despite overall industry challenges.This month's retail penetration rate for NEVs reached an impressive 61.8 percent, showing their growing dominance in China's auto market.Despite a challenging year-end period for passenger car sales, new energy vehicle (NEV) sales are bucking the trend with continued growt...

China’s NEV Market Shows Modest Growth in November

6Dec

By S.MartinezNo Comments

EV & Electric Cars, Industry & Business, News

China’s NEV Market Shows Modest Growth in November

The latest data from the China Passenger Car Association (CPCA) reveals that new energy vehicle (NEV) retail sales in China grew by a modest 7% year-on-year to reach 1.354 million units last month, despite ongoing adjustments to trade-in subsidies.Key TakeawaysNew energy vehicle (NEV) retail sales in November were up by 7% compared to the same period a year ago.The NEV market saw a slowdown as consumers waited for further subsidy adjustments.Total passenger car retail sales dipped slightly, but NEVs continued their strong growth trajectory.Despite the positive numbers, it's clear that November wasn't quite what the industry hoped for. The CPCA noted that trade-in subsidies are phasing out in many provinces, leading to a wait-and-see attitude among consumers.The year-to-date figures paint a...

China, New Zealand Initiate NEV Dialogue in Wellington

5Dec

By M.ChenNo Comments

EV & Electric Cars, Industry & Business, News

China, New Zealand Initiate NEV Dialogue in Wellington

On December 3rd, China and New Zealand kicked off their first dialogue on new energy vehicles (NEVs) in Wellington. The meeting aimed to enhance cooperation between the two countries in areas like charging infrastructure and low-carbon sectors.Key TakeawaysVice Minister Xin Guobin of China's MIIT expressed willingness to boost collaboration with New Zealand on NEVs, infrastructure, and carbon reduction efforts.New Zealand officials highlighted the dialogue as a significant milestone in promoting EV adoption within their country.The meeting set up a platform for expanding bilateral cooperation in the NEV sector and invited global leaders like Chinese manufacturers to enter the New Zealand market.China's industrial regulator, Vice Minister Xin Guobin, led discussions alongside Siobhan Routle...

BYD’s November Sales: Qin Leads Despite Decline, Seal Surges Ahead

4Dec

By S.MartinezNo Comments

EV & Electric Cars, News

BYD’s November Sales: Qin Leads Despite Decline, Seal Surges Ahead

BYD reported another impressive month of sales in November with the Qin family leading despite a year-on-year decline. The company's lineup saw mixed results as some models struggled while others soared.Key TakeawaysThe BYD Qin remained top-selling but dropped 18.64% compared to November last year.The Seal family gained momentum with a significant increase of 7.76%, ranking second in sales.Sales for the Song lineup decreased by over half, yet still managed a month-on-month rise.Despite an 18.64 percent drop year-over-year, BYD's Qin family maintained its position as the best-selling lineup with 70,824 units sold in November. The decline is noteworthy but doesn't overshadow the model's continued popularity among car enthusiasts.The Seal series had a strong showing, selling 60,962 units and ...

Changan Unveils Seven Electrified Models at Thailand Motor Expo 2025

3Dec

By M.ChenNo Comments

EV & Electric Cars, News

Changan Unveils Seven Electrified Models at Thailand Motor Expo 2025

At the Thailand International Motor Expo 2025, Changan Automobile showcased its latest lineup of new energy vehicles (NEVs), including seven models set to launch in Thailand over the next three years. The event highlighted the company's commitment to expanding its presence in Southeast Asia with a focus on electrification and localization.Key TakeawaysChangan debuted luxury SUV AVATR 07, designed by its European team, alongside the DEEPAL S05 made-in-Thailand model.The company inaugurated an NEV plant in Rayong, Thailand, employing over 1,000 workers and achieving approximately 60 percent local content.Changan aims to launch seven models in Thailand by 2028, emphasizing its 'In Thailand, For Thailand' strategy.The AVATR brand's luxury SUV, the AVATR 07, made a notable appearance at the exp...

BYD Denza D9 Reaches 300,000 Sales Milestone in China and Expands to Europe

29Nov

By J.CarterNo Comments

EV & Electric Cars, News

BYD Denza D9 Reaches 300,000 Sales Milestone in China and Expands to Europe

The BYD Denza D9 has achieved a significant milestone with the delivery of its 300,000th unit, marking it as one of the fastest-selling new energy vehicle (NEV) MPVs globally. The event was celebrated at the 'Denza Night' gathering in Beijing, where the company also announced plans to enter the European market and hinted at future models like the Denza Z sports car.Key TakeawaysThe D9 has sold 300,000 units since its launch in August 2022, nearly doubling sales compared to similar MPVs within three years.Denza holds nearly 60% of China's high-end NEV MPV market, with the D9 leading the segment for two consecutive years.The vehicle is offered in both plug-in hybrid (DM-i) and battery-electric variants, priced between 309,800 yuan to 526,600 yuan ($42,500–72,300).Launched as a direct competi...