New energy vehicle market share reached 29.9% in January
New energy vehicle market share reached 29.9% in January
On February 18, China Association of Automobile Manufacturers released data showing that in January 2024, the market share of new energy vehicle production and sales reached 29.9%.
In January 2024, the production and sales of new energy vehicles were completed 787,000 and 729,000 respectively, down 32.9% and 38.8% from the previous year, and up 85.3% and 78.8% year-on-year.
In January 2024, the domestic sales of new energy vehicles amounted to 629,000 units, down 41.8% sequentially and up 93.3% year-on-year.
In January 2024, exports of new energy vehicles amounted to 101,000 units, down 9.8% q-o-q and up 21.7% y-o-y.