August sees record EV sales share

In August 2026, sales of new energy vehicles in China experienced a record-high increase, accounting for 60.6% of the total new car sales—the highest percentage ever recorded. Monthly production and sales volumes exceeded 1.65 million and 1.64 million units respectively, representing an approximate 20% increase year-over-year, supported by ongoing government incentives and easing measures that continue to bolster this growth. Exports also saw a significant rise of 65.3% year-over-year, reaching one million units, with exports of new energy vehicles increasing by 1.3 times to 526,000 units in August. Throughout the year up to August, vehicle exports totaled 7.15 million units, including 3.44 million new energy vehicles—an increase of 66.7% annually. This reflects China's shift towards a leading export model heavily reliant on clean-energy vehicles and highlights its expanding presence in global markets.

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