China's NEV sales up 96.3% in 2022, BYD deliveries up 152.5%

China shipped 6.5 million units of new energy vehicles (NEVs) in 2022, marking a whopping 96.3% increase from 2021, Nikkei Asia reported, citing data from the China Passenger Car Association (CPCA).

Warren Buffett-backed BYD took the lead among Chinese electric-car makers, with a 152.5% increase in EV deliveries in the same period.

In a separate report, the South China Morning Post reported China became the second-biggest car exporter in the world, overtaking Germany. The world’s biggest automobile market is quickly closing its gap with Japan at the top, with a 54.4% year-on-year increase in exports in 2022.

Read the full report: Nikkei Asia / Caixin

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Tags: BYD China EV EV EV Companies

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As an eager stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha