BEV sales reached a record 1,109,000 units in October, up 31.7 percent year-on-year.
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Category: CAAM
CAAM deputy secretary-general called for a 3 percent tax rate in 2026 and 7 percent in 2027, rather than the currently planned 5 percent rate for both years.
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September BEV sales reached a record 1,058,000 units, up 36.4 percent year-on-year.
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BEV sales in August rose 40.5 percent year-on-year, while PHEV sales grew 7.5 percent.
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BEV sales rose 47.1 percent year-on-year in July, while PHEV sales grew only 2.8 percent, the lowest growth rate since at least January 2021.
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In June, China's NEV sales totaled 1,329,000 units, up 26.7 percent year-on-year, according to CAAM data.
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In May, China's NEV sales reached 1,307,000 units, up 36.9 percent year-on-year, according to data from the CAAM.
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The disorderly price war has intensified vicious competition and will further squeeze corporate profit margins, CAAM warned.
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BEV sales in April were up 58.4 percent year-on-year, higher than the 21.9 percent growth rate for PHEVs.
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March's performance ended the previous two months of sequential declines, as the slow season for Chinese auto sales at the beginning of the year winds down.
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