New Energy Vehicles Have Become An Important Force For Stable Industrial Growth
Nov 17, 2022
In October, NEV production totaled 762,000 units, up 87.6% y/y, and sales totaled 714,000 units, up 81.7% y/y, while exports totaled 109,000 units, up 81.2% y/y. Recently, the China Association of Automobile Manufacturers released data showing that the new energy vehicle industry continues to develop rapidly.
Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said that the effects of a series of policies such as purchase tax incentives have continued to appear, further enhancing the confidence and motivation of the development of industry enterprises, and the production and sales of new energy vehicles have continued to maintain a rapid growth momentum, becoming an important force for stabilizing the industrial economy.
On November 16, BYD's 3,000,000th NEV officially rolled off the production line. Wang Chuanfu, chairman of BYD, said that it took BYD 13 years from the first new energy vehicle to the 1 million new energy vehicles. 1 million to 2 million units in 1 year; It took only half a year to 2 million to 3 million units.
BYD's "speed" is the epitome of the development of China's new energy vehicle industry. Since the beginning of this year, policies to support industrial development have been successively made to help enterprises overcome the impact of the epidemic and boost market confidence.
The Cialis Smart Factory is in order, and the key production processes are 100% automated. In October, Cialis new energy vehicle sales reached 15,597 units, a year-on-year increase of 213.44%, and as of October 31, the cumulative production and sales of this year increased by 267.64% and 247.73% year-on-year, respectively. The delivery volume of new energy vehicle companies such as NIO and Xpeng Motors also maintained growth, and the new energy vehicles in the market gained strong momentum.
