China's used NEV trade surges 54 pct in first nine month

China has seen a burst in trade volume of used new energy vehicles (NEVs) in the first nine month of this year, industrial data showed.

In a report released by the China Automobile Dealers Association (CADA) in early November, a total of 789,800 used new energy cars were traded nationwide in the first nine months of the year, up 54 percent year on year.

In a used vehicle trading market in Beijing, dealers have displayed used NEVs together at prominent positions for the trading craze.

"At present, our NEVs account for about 10 percent of our total inventory. The sales volume of used NEVs is increasing year by year. Almost all the customers coming in will ask if there are any NEVs," said used car dealer Lyu Shuai.

Most of the customers are under 40 years old, and they are attracted by the excellent performance, sense of technology and environmental protection attributes of new energy vehicles. "NEVs are more intelligent and can better meet the needs of young people. The configuration and practicality are better, and the maintenance cost is not that high," said a resident surnamed Zhang.

Dealers said that the rapid iteration of NEV technologies and the stimulation of the trade-in policies have made individual car owners who bought new energy vehicles early consider selling or replacing their old cars with new ones with higher performance, longer battery life and more intelligent functions, which has also brought more used cars into the market.

Data shows that in September this year, a total of 100,500 used new energy cars were traded nationwide, an increase of 8.1 percent month on month and 32.5 percent year on year.

Meanwhile, the demand for NEV inspection and evaluation also increases sharply, and the test usually focus on three aspects of physical damage, the battery power release capacity, and battery abnormal attenuation, said industrial insiders.

"The demands for NEV testing have skyrocketed. In the third quarter, the NEV test volume increased by nearly 130 percent year on year," said Xu Hongtao, general manager of testing department of Chaboshi, a domestic vehicle appraisal evaluation company.

China's used NEV trade surges 54 pct in first nine month

A new direct passenger flight route from Ningbo City of east China's Zhejiang Province to Cambodia's capital Phnom Penh opened on Wednesday, which also marked the first international flight out of the city's airport in 2025.

The new flight departs from the Ningbo Lishe International Airport at 13:30 and takes just under four and a half hours to reach the Cambodian capital. Operated by Cambodian airlines, it is scheduled to fly every Monday, Wednesday and Friday, with the return flight departing Phnom Penh at 07:40 local time on the same days.

The direct route provides an important travel option for tourists, especially those from Ningbo and the surrounding areas. Pang Cuili, a Ningbo resident who had to transit in Shanghai for a midnight arrival in Phnom Penh, said the new service now offers much greater convenience.

"We'll fly at 13:30 and arrive at around 16:50. It’s very convenient [timing] for us to check into the hotel after arriving," she said.

As the capital and largest city of Cambodia, Phnom Penh has long been an important international aviation hub in Southeast Asia, with the new route giving a further boost to the economic and cultural exchanges between Ningbo and ASEAN countries.

"Today marks the first flight of Ningbo Airport's regular direct passenger service to Phnom Penh, Cambodia. The opening of this route is also an important move for the airport to help implement the Belt and Road Initiative, enriching international passenger transport routes, and further speeding up the recovery of the international market," said Chen Qiaoyu, manager of the Market Development Department at the Ningbo Lishe International Airport.

As Cambodia Airlines' first route out of Ningbo Airport, the new service also signals the airline's broader plans to connect various parts of China with Cambodia in the coming year.

Ningbo airport launches first direct flight to Phnom Penh