China Registration 2.2M of New Energy Vehicles during H1 2022

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China Registration 2.2M of New Energy Vehicles during H1 2022

According to the data published from the Chinese Ministry of Public Security on August 12, at the end of June 2022 there were more motor vehicle vehicles than ever in China was at 406 million vehicles, which included the 310 million vehicles as well as 10.01 million vehicles that are new to the market (NEVs). NEVs made up 3.23 percent of all automobiles, which is which is an increase of 27.80 percent compared to the figures at the end of 2021. Of them, the total number of electric vehicles is 8.104 million, which is 80.93 percent of all NEVs.

Additionally, 2.209 million NEVs were recently registered in China in the first quarter of 2022. That’s a year-on year growth of 100.26 percent, which is which is a record-setting high. The new registrations of NEVs represented 19.90 percent of the total.

Regions are divided into regions. In the beginning of 2022, there was 81 towns that had greater than 1 million vehicles and 20 cities that had over 3 million vehicles. Of these, Beijing has more than 6 million cars, whereas Chengdu as well as Chongqing are home to more than five million vehicles.

In the “Brief Introduction to the Automobile Industry’s Sales and Production in July 2022” published by CAAM in August 11th, the manufacturing and sale of NEVs in July totaled 597,700 and 593,000 units respectively, and both increased by 1.2 times per year.

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Additionally to that, sales and production of electric pure vehicles were 457,000 and 472,000 units which doubled and grew by 1.1 times from year to year. Production and sales for hybrid plug-in EVs included 144,000 units and 135,000, which is up 1.8 as well as 1.7 times each year. The production of fuel cell vehicles and sales reached 2,245 and 245 units, respectively increasing by 4.6 per cent and 13.4 percent from year to year.

As of July the load capacity of Chinese batteries for power was 24.2 GWh, which is up 114.2 percent from the previous year and down 10.5 percent quarter-on-quarter. In particular, the loading capacity of the ternary battery was 9.8 GWh. This is 40.7 percent of the total capacity for loading increasing by 80.4 percent over the previous year and the decrease was 15.0 percent quarter-on quarter. In addition, the capacity of lithium iron phosphate batteries was 14.3 GWh, which accounted for 59.3 percent, which is up 147.2 percentage year-on year and lower by 7.0 percent quarter-on-quarter.

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