China's electrified cars sell more than 1.5 million units

New record for sales of electric cars and plug-in hybrids in China, setting a third consecutive record: the figures.

Photo by: BYD

By: Riccardo Ciriaco

Dec 23, 2024 at 3:59am ET

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In September, there were almost 1.3 million, in October over 1.4 million and in November around 1.51 million. The figures represent sales of NEVs (New energy vehicles, a combination of electric cars, plug-in hybrids and hydrogen-powered cars) from China, which are outperforming and setting new records every month. This is now the third month in a row.

A record (or rather a series of records) that gives an idea of the growth of the sector in the Land of the Dragon, at the very moment when Europe is facing a black crisis.

Nearly one car in two is a NEV

In detail, 1,512,000 NEVs were manufactured in the shadow of the Great Wall, including 1,429,000 for the local market (+53.8% compared with November 2023 and +9.7% compared with October 2024) and 83,000 for export.

Chinese NEVs in November
Sales	1,512,000 (1,429,000 in China and 83,000 abroad; 908,000 BEVs and 604,000 PHEVs)
Market share	45,6%

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The market share of zero or low emission cars in China is therefore 45.6%. In practice, almost one car in two is electric, rechargeable or hydrogen-powered. Fully electric cars dominate, with 908,000 units registered (+7.8% compared with the previous month), followed by 604,000 PHEVs (plug-in electric vehicles) and a few hydrogen-powered vehicles.

BYD wins

As ever, BYD dominates the rankings, with 506,804 NEVs delivered, including 198,065 BEVs (Battery electric vehicles, i.e. 100% electric cars). Geely (122,453 NEVs, including 9133 BEVs) and SAIC (176,869 NEVs) complete the podium.

BYD: 506,804 NEV (198,065 BEV)
Geely: 122,453 NEV (9,133 BEV)
SAIC: 176,869 NEV (n.a. BEV)