Ann: Additional Information Tesla Offtake Agreement, page-148

November, as expected, has brought a new, all-time monthly sales record for plug-in electric cars in China, crossing the 400,000 mark for the first time.

In total, some 413,094 new passenger plug-in vehicles were registered last month (up 106% year-over-year).

Not only is the volume increasing, but also the market share, which climbed to a very strong 19%, including 15% all-electric and 4% plug-in hybrid cars.

See more reports about plug-in vehicle sales in China here.

The current momentum is high enough to translate into a very high December as well, so stay tuned for... maybe the first 500,000 result soon.

Plug-in electric car sales in China – November 2021

So far this year, over 2.7 million passenger plug-in cars were sold in China, which is 14.3% of the total market. BEV share stands at 11.5%.

At this point, it is certain that China will exceed 3 million units in 2021 (significantly more than 1.27 million in 2020).