This is more than the CPCA own's forecast and their preliminary...

This is more than the CPCA own's forecast and their preliminary figures and also more than I thought. Clearly this is due to strong overall car maket in China and the year end sales push, because Chinese car makers often publish overly ambitious sales targets at the beginning of the year.

NEV penetration was at 40.4 % but BEV share of all NEV was only 65.6 % (used to be between 70 - 75 %). This is clearly a sign that PHEV and EREV quickly take market share away from pure ICE vehicles e.g. they are currently growing faster (in relative terms) than BEV sales. Hard to say how exactly BEV to NEV share will develop in the near future, but it should bottom out eventually and then climb again towards 100 % in the very long term. It is a transitory phenomenon.

addiotnal charts: China NEV retail hits record 841,000 in Nov, penetration exceeds 40% for 1st time, CPCA data show - CnEVPost