China's NEV market sees robust expansion in October， output up 87.6% ， sales up 81.7% year on year

[beijingwalker]

China's NEV market sees robust expansion in October， output up 87.6% ， sales up 81.7% year on year​

21 NOVEMBER 2022, MONDAY, 03:38

China's NEV market. Photo by Xinhua.

China's new energy vehicle (NEV) market saw a remarkable expansion in October, with both production and sales surging, industry data showed. ​

The output of NEVs in the country reached 762,000 units last month, up 87.6% year on year, according to the China Association of Automobile Manufacturers. The sales of NEVs rose 81.7% from a year earlier to 714,000 units.

From January to October, both NEV output and sales expanded 110% year on year, with the market share of such vehicles hitting 24%, the association said.

https://ukranews.com/en/news/894087-china-s-nev-market-sees-robust-expansion-in-october

 

[Song Hong]

This NEV and battery technologies is on the verge of destroying all combustion engine -- and leader is China. This is not unlike in 2000s where Iphone destroyed Nokia.