NEV Penetration Rate

Global Top 10 Automakers: BYD, Geely, Chery Make Historic Debut

In H1 2026, BYD, Geely, and Chery entered the global top 10 automakers for the first time, with a combined market share of 13.5%, surpassing Volkswagen Group.

42425 days ago

China's H1 Auto Exports Surpass 5.1 Million Units as Overseas Demand Becomes Industry Pillar

In H1 2026, China's domestic auto sales fell 20.8% YoY, but exports surged 65.3% to 5.1 million units, accounting for 36.9% of June shipments. NEV exports nearly quadrupled, while Chinese brands' passenger vehicle share rose to 72%, with German and Japanese brands declining 29% and 17.7% respectively.

43127 days ago

BYD H1 Revenue Hits ¥173.6B, Overseas Sales Surge 124%

BYD delivered strong H1 2026 results with revenue of ¥173.6 billion up 15% and net profit of ¥9.68 billion up 46%. July sales reached 419,000 units with nearly 180,000 overseas units up 124.3%. BYD ranks 6th globally with 4.8% market share, becoming the first automaker to achieve full-process scale from R&D to global delivery.

66530 days ago

NEV "Battery-Included Scrappage" Takes Effect, 2030 Closed-Loop Target Set

China's National Development and Reform Commission mandated strict NEV battery-included scrappage rules with a 2030 deadline for establishing a full closed-loop waste recycling system. Meanwhile, two departments are studying reforms to gasoline consumption tax. NEV retail penetration reached 65.1% in July.

46131 days ago

July NEV Penetration Hits 64.5% Record High, Chengdu Becomes China's Top Car Sales City

In July 2026, China's new energy vehicle penetration exceeded 64% for the first time, reaching 64.5%. Chengdu sold 82,456 units, surpassing Shanghai and Beijing to become the nation's top car sales city. PHEV share rose to 38%, becoming the core driver of penetration growth.

52741 days ago

China's NEV Penetration Nears 65% in July: EV Market Hits Another Record

In July 2026, China's new energy vehicle market maintained strong growth momentum. BYD led with 419,211 monthly sales, with overseas shipments hitting a record 179,841 units. Chery Group's single-month exports exceeded 200,000 units. Among new force brands, Leapmotor delivered over 101,000 vehicles to set a new record, while Li Auto reached 51,000 units. Overall NEV retail penetration is expected to approach 65%, with BEVs and PHEVs growing in tandem while ICE market share continues to shrink. China's electrification transition is entering a deeper phase.

57645 days ago

Geely NEV Penetration Nears 57%, Exports Surge 158% to Lead Global Growth

In H1 2026, China's auto market showed a "cold domestic, hot overseas" pattern — passenger vehicle retail slumped ~20% while exports jumped 65.3%. Against this backdrop, Geely Holding delivered standout results: 1.93 million units sold (a record high), NEV penetration rising to 56.9% vs. the industry average of 49.6%. ZEEKR sales soared 97%, while exports surged 158%, with monthly exports breaching 100,000 units for the first time in June.

50853 days ago

NEV Average Vehicle Age 1.8 Years vs. ICE 8.2 Years: Yijing's Zeng Qinglin Decodes "Obsolescence Anxiety"

A CPCA report shows NEV passenger vehicles average just 1.8 years in age, far below 8.2 years for ICE vehicles. Yijing Auto GM Zeng Qinglin analyzes the industrial logic behind the data and proposes a "hardware pre-deployment + OTA iteration" strategy.

59863 days ago

Listed Automakers' Sales Stay Strong: Chery, BYD Expand Export Volume

In June 2026, 23 A- and H-share listed automakers sold a combined 2.2166 million vehicles, up 5.97% year-on-year. BYD led with 403,500 units, while Chery's exports of 191,100 units set a new monthly record for the fourth consecutive month. NEV sales reached 1.3986 million units, with penetration at approximately 64.46%.

33963 days ago