Great news, especially BEV's out selling PHEV's 4 to 1. No wonder demand for spherical graphite is going through the roof. Taking into account my previous postChina: Plug-In Car Sales Reach New Record In August 2021
Almost every fifth new car registered last month was rechargeable.
China achieved a new all-time monthly sales record of plug-in electric car sales in August, beating the previous one (from June) by 22%. In total, some 286,514 passenger plug-in cars were registered, which is roughly 187% more than a year ago. Not only that, as the overall car market was down 12% year-over-year, plug-ins significantly expanded their market share to 19% (including 15% BEVs and 4% PHEVs)! That's a very high level and we guess that in the last three months we will see even bigger records and market share beyond 20%.So far this year, over 1.6 million passenger plug-in cars were sold (significantly more than in all of 2020), which is 12.4% of the total market. BEV share stands at 10.1%.
The total plug-in car sales in China might reach about 2.5 million in 2021.
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