China’s 2022 New-Energy Vehicle Shipments Nearly Double

What’s new: China’s new-energy vehicle (NEV) shipments totaled 6.5 million units in 2022, up 96.3% from the previous year, data from the China Passenger Car Association (CPCA) showed.

Meanwhile, nationwide retail sales of NEVs, which include purely electric cars and hybrids, jumped 90% to 5.67 million, according to the association. BYD Co., which sold 1.86 million vehicles, accounted for almost 30% of China’s NEV sales in 2022, followed by SAIC-GM-Wuling Automobile Co. and Tesla Inc.