The data shows that the production and sales volume of Chinese EVs from January to June 2024 were respectively 4.929 million and 4.944 million units, representing a year-on year increase (YoY increase) of 30.1% and 32%. And the domestic sales reached 4.339 million units with a 35.1% increase year-on-year, while exports reached 605,000 units with a 13.2% increase year-on-year. Industry insiders said that under the influence of factors such as low consuming willingness in the domestic automotive sector as well as strict international trade barriers, the growth of both domestic and international EV sales have slowed down.