Huge growth and new records for the end of the year pop up in China.
China is in the game again with a new, all-time monthly sales record of plug-in electric cars! We waited quite some time - almost two years - to see a result better than some 181,000 in December 2018.
According to EV Sales Blog, in November sales exceeded 198,000, at a massive growth rate of 138% year-over-year and the all-time high market share of 8.6% (7.2% BEVs). The overall car market expanded by 12% year-over-year.
All-electric car sales, which stand for four-fifths of total plug-ins, increased 134% year-over-year, while plug-in hybrids increased even more - by 164% year-over-year.
With one month to go, China is already above 1 million plug-in car sales (over 1,043,000) and the average market share is 5.9% (4.7% BEVs).
Plug-in electric car sales in China – November 2020
In terms of volume YTD, SGMW joint-venture managed to capture 15% of the market, BYD 15%, while Tesla is at 12%.
Top 20 YTD by EV Sales Blog: