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BriefENERGY

China New Energy Vehicle Penetration Exceeds 65%: For Every 3 Cars Sold, 2 Are Electric

CAAM data shows China new energy vehicle penetration exceeds 65%, hitting record high. BYD, Geely, and Li Auto take top 3 sales positions. Joint venture brands' share continues to decline.

CAAM releases June production and sales data. New energy vehicle penetration hits new high.

Key Data

  • New energy penetration: 65.3%
  • Pure EV ratio: 78%
  • PHEV ratio: 22%

Brand Rankings

  1. BYD: 35%
  2. Geely: 18%
  3. Li Auto: 12%
  4. Tesla: 8%
  5. Others: 27%

Trends

Penetration exceeding 65% means:

  • Charging station construction accelerating
  • Gas stations transforming to charging/swapping stations
  • Traditional fuel vehicles accelerating exit from market