China NEV retail sales fall 8% in first 2 weeks of July as penetration reaches 63.1% You Should Know
China’s production of conventional fuel light vehicles fell 56% year on year to 159,000 units in the first 2 weeks of July.
China’s production of conventional fuel light vehicles fell 56% year on year to 159,000 units in the first 2 weeks of July.
NEV retail penetration reached 63% during July 1-19, with wholesale penetration at 68.1%.
China’s NEV retail penetration rose to 65.7% in July 1-26, while wholesale penetration reached 70%.
NEV retail penetration rose to a record high of 64.4% as sales decline narrows.
China’s overall passenger vehicle retail sales were 317,000 units on August 1-9, down 22% year-on-year.
NEV retail sales totaled 399,000 units from August 1-16, with retail penetration at 63.6%.
China’s passenger NEV retail sales totaled 614,000 in August 1-23, with retail penetration rising to 64.3%.