The Unstoppable Rise of Leapmotor — August’s China EV Sales Report (45% BEV Share)

In August, sales of electric vehicles and plug-in hybrids in China reached a record 65% of the market, while the overall market fell 24% year-on-year to about 1.5 million vehicles. BEV sales grew 1%, while PHEVs fell 30% and EREVs fell 22%. Exports totaled 888,000 vehicles (+78% year-on-year), with EVs accounting for 58% of that.

• EV and PHEV share in China reached a record 65% in August
• Overall China auto market fell 24% year-on-year to ~1.5 million vehicles
• BEV sales grew 1%, PHEVs fell 30%, EREVs fell 22%
• Exports rose 78% to 888,000 vehicles, 58% of them EVs