NEV sales surged 40% in November, impact of Shanghai's license place restriction policy became apparent

SHANGHAI, Dec 22 (SMM) — In November, NEV sales were 177,000 units based on compulsory traffic insurance, an increase of 40.5% from the previous month. SAIC-GM-Wuling maintained the top position, with sales volume of 35,998 units, setting a new record for monthly sales of pure electric vehicles this year.

The main driver was increased sales of Hongguang MINI across Henan, Shandong, Jiangsu, Shanghai and Guangdong. In addition to replacing low-speed cars, it has also gradually become a vehicle for daily travel in first- and second-tier cities.

NEV sales totalled 180,000 units in Nov, with significiant increase in high-end and low-end cars

SAIC's passenger car sales in Shanghai increased by nearly half in November, driven by its Roewe Clever, Roewe Ei5 and Roewe RX5 models. NEV sales in Shanghai based on compulsory traffic insurance surged on a month-on-month basis in November as restrictions on the travel time of non-local license plate vehicles and the fact that NEV buyers could obtain local license plates for free boosted demand for NEVs.

Tesla Model 3, BYD Han, Roewe RX5, Hongguang MINI, Buick Velite 6 were the major drivers of sales growth.

Shanghai's license place restriction policy led to a surge in local electric vehicle sales in Nov

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