Description
The indicator is published by the China Association of Automobile Manufacturers (CAAM). This indicator reflects the sales volume of new energy passenger vehicles within a given month. It is a key metric for assessing the adoption rate of new energy vehicles in China and the overall health of the automotive sector's transition towards sustainable energy. Higher sales figures indicate stronger market acceptance and growth in the NEV sector, while lower figures may suggest market challenges or slower adoption rates.
The sales volume is calculated based on the total number of new energy passenger cars sold within the reporting month. It includes various types of new energy vehicles such as electric, plug-in hybrid, and hydrogen fuel cell vehicles.
This data is typically updated on a monthly basis, reflecting the sales figures of the previous month.