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In Depth: China’s NEV Sales Took Off in 2022, but Some Firms Pulled Way Ahead

By Ward Zhou
2023年01月13日 20:55
Top electric-vehicle brand BYD maintained its strong sales growth, but its smaller Chinese competitors including XPeng and Nio were hobbled by Covid curbs
Robots weld the frame of a new-energy vehicle on Dec. 8 at a factory in Yuncheng, North China's Shanxi province. Photo: VCG

While China’s major new-energy vehicle (NEV) manufacturers including the world’s top seller, BYD Co. Ltd., saw strong sales growth in 2022, tough Covid curbs that disrupted supply chains and dented consumer confidence meant that others like XPeng Inc. missed their annual targets.

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