China’s NEV output, sales down more than 50% year on year in January 2020

China’s output and sales of new energy vehicles (NEVs) fell by more than 50% year on year in January 2020.

China produced 40,000 NEVs in January 2020 - down by 55.4% compared with January 2019, according to data released by the China Association of Automobile Manufacturers (CAAM). Sales of NEVs totaled 44,000 units in January, down by 54.4% year on year. CAAM said the decline was due to their being fewer working days in January 2020 compared with the same period of 2019 because of the Lunar New Year holiday in China. The extension of the...

Published

Carrie Shi

February 17, 2020

12:02 GMT

Shanghai