Production and sales of new energy vehicles (NEV) in China reached 734.6 thousand units and 721.5 thousand units for the first nine months of 2018, an increase of 73.05% and 81.05% year-on-year, respectively, according to the China Association of Automobile Manufacturers (CAAM).
Among that, production and sales of blade electric vehicles (BEV) were 554.6 thousand units and 540.5 thousand units, an increase of 58.94% and 66.19% year-on-year, respectively. Production and sales of the plug-in hybrid electric vehicle (PHEV) were 179.9 thousand units and 180.8 thousand units, an increase of 138.04% and 146.87% year-on-year, respectively.
Automobile’s production and sales totaled 20,491.3 thousand units and 20,490.6 thousand units during this period, an increase of 0.87% and 1.49%, respectively. Such growths were 1.90 percentage points and 2.04 percentage points lower than that of the first eight months of 2018.
To be specific, production and sales of passenger car were 17,350.7 thousand units and 17,259.7 thousand units, an increase of 0.13% and 0.64% year-on-year, respectively.
Production and sales of the commercial car were 3,140.7 thousand units and 3,230.9 thousand units, an increase of 5.17% and 6.31% year-on-year, respectively.
SAIC, Dongfeng, and FAW were the top three automobile enterprises in terms of sales. The top 10 domestic automobile enterprises combined sold 8,408.3 thousand units automobiles, accounting for 81.32% of the total sales of domestic brands.