Description
The indicator is published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the total sales volume of new energy vehicles, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles (FCVs). It is a crucial indicator for assessing the development and market penetration of new energy vehicles in China. Higher sales numbers indicate greater adoption and market growth, while lower numbers may suggest slower adoption or market challenges.
The accumulated value of NEV sales is calculated by summing the sales volumes of BEVs, PHEVs, and FCVs over a specific period. The data is collected from automobile manufacturers and compiled by CAAM.
This data is updated monthly, typically within the first two weeks of the following month, providing a cumulative total of NEV sales for the year up to the reporting month.