Cui Dongshu, secretary-general of the Passenger Transport Association, wrote in an article,In October 2023, China accounted for 67% of the world's new energy vehicle share.Sales of new energy passenger vehicles from January to October this year reached 11.2 million units, a year-on-year increase of 41%; in October they reached 1.34 million units, a year-on-year increase of 33%.
From January to October 2023, China's new energy passenger vehicles accounted for 62% of the world's new energy. In October, China's share of 67.5% was relatively strong.
In recent years, the growth rate of China's new energy passenger vehicles has been stronger than the world's average growth rate, China's global share of new energy passenger vehicles has undergone a major reversal in 2020, falling from 52.4% in 2019 to 40.8%.
In 2021, China will rebound to 52%, and in 2022, China will account for more than 60% of the world's new energy share.
From January to October 2023, China accounted for 62% of the world's share, and in the fourth quarter it reached its best performance in history with a share of 67.6%.
Cui Dongshu said that China's new energy vehicle exports will be super strong in 2023 and perform well in Southeast Asia and European markets. This is also the result of China's strong industrial chain, forming a strong domestic market and dual growth in exports.