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China’s Electric Vehicle Market Is Growing Abundantly. The Country Sold 675 Thousand Units of Electric Vehicles Just in September.
China is breaking records in the electric vehicle market, and the proof of this is in the sales data of New Energy Vehicles (NEV), a group of fully electric vehicles, fuel cell, and plug-in hybrids, which last month reached a record of approximately 675 thousand units.
Pure Electric Vehicles Reach 507 Thousand Registrations in China
In total, there are 43 thousand more registrations than in August, when 632 thousand electric vehicles were registered in China, which broke the 600 thousand unit mark for the first time.
This time another milestone was reached, demonstrating the great expansion of sustainable mobility in the shadow of the Great Wall. According to the China Passenger Car Association (CPCA), pure electric vehicles reached a total of 507 thousand registrations, representing 75.1% of all NEVs. Plug-in hybrids (or PHEVs), plug-in hybrid electric vehicles, are also well positioned in sales, with 168 thousand registrations, showing a 195% increase compared to the previous year.
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Costing R$ 16,000, the new Yamaha features a 125 cc hybrid engine with electric assistance, delivers 8.3 hp, includes ABS, optimized fuel consumption, Y-Connect connectivity, 25 liters of storage space, and a surprising 4-year warranty in the urban segment.
The contribution of hydrogen models is insignificant. However, the incredible numbers, made possible by the increases in June, July, August, and September, during which sales consistently exceeded the limit of 500 thousand units. This year, there were 4,341,000 deliveries of electric cars, with an average of 482,333 per month, including exports.
Top Electric Vehicle Sellers in China
Moving on to the rankings of automakers, the leader is still BYD, with 200,973 registrations, including 94,941 pure electric vehicles and 106,032 hybrids. This is the first time the brand, now familiar among Europeans and Brazilians, has surpassed the 200 thousand unit mark.
Second is Tesla, after largely overcoming the production issues at Giga Shanghai related to Covid and strongly relaunching Chinese production.
Specifically, there were 77,613 electric vehicles sold by Elon Musk, all obviously fully electric, with an additional 5,522, for a total of 83,135, divided into 51,802 Model Y and 31,333 Model 3.
China continues to advance in the sector and is expected to maintain this pace in 2023. Other brands also achieved good results:
- Nio: 10,878;
- Neta: 18,005;
- Zeekr: 8,276;
- Leapmotor: 11,039;
- Xpeng: 8,468.
In Addition to Electric Cars, Chinese Companies Advance in Discovering New Technologies
Chinese companies are developing new technologies, such as CATL, which presented its new super battery that can offer, in addition to a range of 1 thousand km, ultrafast charging for electric vehicles and already has several interested clients, including two automakers from China.
The third generation of CATL’s battery system will be used for the first time by the brand Zeekr in its next model, which will be launched in the first quarter of next year.
CATL is providing components for almost all automakers in China and it is believed that they will shift to newer and better technology. Among the standout specifications, the system offers a volume utilization efficiency of 72%, ultrafast charging at 4C, among others.
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