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NEV Sales for 2021 Projected to Reach 4.35 Million Units, While IoT/Consumer Electronics Vendors Attempt to Enter NEV Market, Says TrendForce

23 June 2021

As the pace of electrification accelerates in the global automotive market, and various governments worldwide implement subsidy policies that encourage consumer EV purchases, sales of new energy vehicles (NEV, which includes both BEV and PHEV) are continuing to rise as well, according to TrendForce’s latest investigations. NEV sales for 2021 are projected to reach 4.35 million units, a 49% increase YoY.

BEV Sales Undergo 153% YoY Increase in Newly Released Total NEV Sales Ranking for 1Q21, Says TrendForce

13 May 2021

Total NEV (New Energy Vehicle, which includes both BEV and PHEV but excludes HEV) sales for the 1Q21 period reached 1.09 million units, according to TrendForce’s latest investigations. Of this figure, BEVs accounted for 750,000 units in sales, a 153% growth YoY, while PHEVs accounted for 340,000 units in sales, a 128% growth YoY. In particular, Chinese automakers collectively possessed the largest shares in the BEV market in 1Q21, and certain Chinese BEV manufacturers moved up in the rankings accordingly. Other than longstanding market leader Tesla, Chinese automakers Wuling Hongguang, BYD, and ORA occupied three of the top five spots.

Automakers Score Remarkable Performances in Top Five Ranking of EV Sales in 2020 Thanks to Affordable Models, Says TrendForce

2 March 2021

Global sales of NEV (new energy vehicles, which include both BEV and PHEV) skyrocketed in the final two months of 2020, with various models setting historical sales records, according to TrendForce’s latest investigations. TrendForce estimates total NEV sales for 2020 at 2.9 million units, a 43% increase YoY, and further expects yearly sales to reach 3.9 million units in 2021. However, as the current shortage of automotive chips has had a considerable impact on the auto industry, some uncertainties still exist in the forecast of EV sales.

Automotive Market Set to Recover in 2021 with Yearly Sales of 84 Million Vehicles, While 12-inch Fab Capacities for Automotive Semiconductor Undergoes Most Severe Shortage, Says TrendForce

28 January 2021

Not only did automotive market take a downward turn starting in 2018, but the severe impact of the COVID-19 pandemic in 2020 also led to noticeably insufficient procurement activities from major automotive module suppliers, according to TrendForce’s latest investigations. However, as the automotive market is currently set to make a recovery, TrendForce expects yearly vehicle sales to increase from 77 million units in 2020 to 84 million units in 2021. At the same time, the rising popularity of autonomous, connected, and electric vehicles is likely to lead to a massive consumption of various semiconductor components. Even so, since most manufacturers in the automotive supply chain currently possess a relatively low inventory, due to their sluggish procurement activities last year in light of weak demand, the discrepancies in the inventory levels of various automotive components, along with the resultant manufacturing bottleneck, have substantially impaired automakers’ capacity utilization rates and, subsequently, vehicle shipments.

Tesla Takes Leadership Position in BEV Market While European Automakers Dominate Top Four PHEV Spots in 2020, Says TrendForce

15 December 2020

The dual stimuli of policies and legislative changes for new energy vehicles (NEV) have brought about a corresponding growth of battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) in 2020, according to TrendForce’s latest investigations. Market data compiled by TrendForce indicate that combined yearly sales of BEV and PHEV in 2020 reached about 2.4 million units, a 19.8% increase YoY. Aside from the vehicles’ sales growth against industry headwinds generated by the COVID-19 pandemic, there has been a noticeable change in the market share and sales ranking of NEV manufacturers this year owing to the increased number of models released as well as the growth of markets outside of China.


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