China’s NEV output, sales in fourth consecutive annual decline in October

By Carrie Shi
Published: Tuesday, 12 November 2019

The reduction of subsidies for new energy vehicles (NEVs) in late June was the main factor weighing on Chinese NEV output and sales in October.

China produced 95,000 new energy vehicles (NEVs) in October 2019, including pure electric vehicles (PEVs) and plug-in hybrids. This is down by 35.4% from October 2018, according to data released by the China Association of Automobile Manufacturers (CAAM).

Over October, Chinese automakers produced 78,000 PEVs, down by 33.3%...

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