On November 10, the data disclosed by the China Association of Automobile Manufacturers showed that in October, the production and sales of new energy vehicles were 397,000 and 383,000 respectively, a year-on-year increase of 1.3 times; from January to October, the production and sales of new energy vehicles were 2.566 million. Vehicles and 2.542 million vehicles, both increased by 1.8 times year-on-year. The China Automobile Association said that the situation of new energy vehicles is improving this year, with annual sales expected to exceed 3 million.
From the perspective of sub-models, in October, the sales of pure electric vehicles were 316,000, a year-on-year increase of 1.3 times; the sales of plug-in hybrid vehicles were 68,000, a year-on-year increase of 1.5 times. As the demand for new energy vehicles continues to grow, sales have doubled for many consecutive months this year. Statistics show that in the first 10 months of this year, the sales of pure electric vehicles were 2.105 million units, a year-on-year increase of 1.9 times; the sales of plug-in hybrid vehicles were 437,000 units, a year-on-year increase of 1.4 times.
In the context of rising sales, the market penetration rate of new energy vehicles continues to hit 20%. In October, the penetration rate of the domestic new energy vehicle market reached 16.4%, of which the penetration rate of the new energy passenger vehicle market reached 18.2%. In the first 10 months of this year, the penetration rate of new energy vehicles has increased to 12.1%.
Xu Haidong, deputy chief engineer of the China Automobile Association, pointed out that not only the first-tier cities, but the acceptance of new energy vehicles in rural areas is also continuing to increase. With the maturity of products and the decline in cost, the cost-effective advantages of new energy vehicles have attracted more consumers' attention. In addition, technology applications such as intelligence and networking have also made new energy vehicles popular among young people.
The rapid development of the new energy vehicle market directly drives the increase in the number of power batteries installed. In October, my country’s power battery installed capacity reached 15.4GWh, a year-on-year increase of 162.8%, of which ternary batteries installed 7.0GWh, an increase of 104.3% year-on-year; lithium iron phosphate batteries installed 8.4GWh, an increase of 249.5% year-on-year. From January to October, my country’s total power battery installed capacity reached 107.5GWh, a cumulative increase of 168.1% year-on-year, of which the cumulative ternary battery installed capacity reached 54.1GWh, accounting for 50.3% of the total installed capacity, a cumulative year-on-year increase of 100.1%; iron phosphate The cumulative volume of lithium battery installed vehicles reached 53.2GWh, accounting for 49.5% of the total installed vehicles, a cumulative year-on-year increase of 316.4%.
In addition, the latest statistics from the China Charging Alliance show that 18,000 new public charging piles were added in October, a year-on-year increase of 59.4%. In the first 10 months, the increase in charging infrastructure was 572,000 units, of which the increase in public charging infrastructure increased by 69.8% year-on-year; the increase in charging facilities built with vehicles increased by 147.0% year-on-year. As of October, the nation’s total charging infrastructure reached 2.253 million units, an increase of 50.4% year-on-year.
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