Description
China's New Energy Vehicle (NEV) Production Volume for Passenger Cars is compiled and published by the China Association of Automobile Manufacturers (CAAM). This indicator is used to measure the monthly production volume of passenger cars that use new energy sources, such as electric, hybrid, and fuel cell vehicles. It serves as a key benchmark for assessing the development and growth of the new energy vehicle market in China. A higher production volume indicates strong growth and advancement in the sector, while a lower volume could signal challenges or slower adoption.
The production volume is calculated by aggregating the total number of new energy passenger cars produced within a given month. This includes electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles (FCVs). The data is collected from automobile manufacturers across China.
This data is updated and released monthly by CAAM, typically within the first two weeks of the following month.