Global (China, Europe, Germany) Passenger Vehicle (PV) sold in July

With the implementation of a series of policies by the Chinese government to encourage the auto market, China’s auto sales have maintained rapid growth. In July, the sales volume of passenger vehicles in China was 1.82 million units, a year-on-year increase of 21.03% and a slight decrease of 6.48% from the previous month. In the new energy vehicle market, rising oil prices and stable electricity prices have contributed to the raising sales of NEV. In July, the number of new energy passenger vehicles reached 486,000, a year-on-year increase of 118.71%, a month-on-month decrease of 8.55%, and the market share of 26.7%. Among the new energy sales in July, 0.36 million units of BEV, 0.12 million units of PHEV, accounting for 19.92% and 6.82% respectively.

Affected by multiple factors such as global macroeconomics and inflation, 0.85 million units new vehicles were registered in the EU, EFTA and UK in July, down 13.06% year-on-year and 20.17% month-on-month, sales have fallen back. The international economic and energy situation continues to affect European countries. In July, the number of new car registrations in Germany was 0.2million units, a year-on-year decrease of 12.89%. Germany sold 52,527 new energy passenger vehicles in July, with a market share of 25.5%, up from 22.6% in the same period last year. Among them, BEV with 28,827 units and PHEV with 23,680 units, accounting for 14.0% and 11.5% respectively.

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