In the first half of this year, China’s new energy vehicle sales exceeded 6.93 million units, a year-on-year increase of 40.3%.
According to CCTV News, data released by the China Association of Automobile Manufacturers on Thursday (July 10) showed that from January to June this year, China’s automobile production and sales both exceeded 15 million units, achieving a high growth of more than 10% year-on-year.
Among them, the production and sales of new energy vehicles reached 6.968 million and 6.937 million units respectively, up 41.4% and 40.3% year-on-year respectively. At present, the sales of new energy vehicles account for 44.3% of the total sales of new vehicles.
In terms of exports, in the first half of this year, the overall export of automobiles was 3.083 million units, a year-on-year increase of 10.4%. Among them, the export of new energy vehicles was 1.06 million units, a year-on-year increase of 75.2%.
A relevant person in charge of the China Association of Automobile Manufacturers said that China’s domestic market has improved significantly under the continuous effectiveness of the automobile trade-in policy, with a year-on-year growth rate of more than 10%, which has played a good supporting role in the overall growth of the automobile market. New energy vehicles continue to grow rapidly, and their market share continues to increase, leading the industry to accelerate transformation and upgrading.
The person in charge said that the “two new” policy will continue to be implemented in an orderly manner in the second half of this year. Coupled with the continuous enrichment of new product supply from enterprises, it will help drive the continued growth of automobile consumption, and the automobile industry will maintain healthy and stable operation.
The so-called “two new” refers to promoting a new round of large-scale equipment renewal and consumer goods replacement. This policy, which aims to boost consumption and domestic demand, was proposed by the Central Committee of the Communist Party of China’s Financial and Economic Affairs Commission in February 2024. In July of the same year, the government coordinated and arranged about 300 billion yuan (53.4 billion Singapore dollars) of ultra-long-term special treasury bonds to promote this policy. This year, the categories of consumer goods for replacement have been further expanded.
