China NEV sales grow 96.3%, BYD deliveries up 152.5% – Nikkei

China shipped 6.5 million units of new energy vehicles (NEVs) in 2022, marking a whopping 96.3% increase from 2021, Nikkei Asia reported, citing data from the China Passenger Car Association (CPCA).

Warren Buffett-backed BYD took the lead among Chinese electric-car makers, with a 152.5% increase in EV deliveries in the same period.

In a separate report, the South China Morning Post reported China became the second-biggest car exporter in the world, overtaking Germany. The world’s biggest automobile market is quickly closing its gap with Japan at the top, with a 54.4% year-on-year increase in exports in 2022.

Read the full report: Nikkei Asia / Caixin

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Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]

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