NEV Sales
Leading new-energy vehicle (NEV) manufacturers in China reported a robust sales increase in 2022 thanks to fast market expansion and policy incentives, data showed.
BYD Co. Ltd., the country’s largest NEV manufacturer, said its NEV sales jumped 208.64 percent year on year to over 1.86 million units in 2022.
Startup carmakers like Li Auto and NIO also reported strong growth. Li Auto delivered 133,246 NEVs last year, up 47.2 percent from the 2021 level. NIO delivered 122,486 units in the same period, an annual increase of 34 percent.
GAC Aion, an NEV subsidiary of GAC Group, sold some 271,000 vehicles in 2022,
