Don’t expect slowdown in China NEV growth before penetration reaches 50%, analyst says
China is the fastest-growing market for EVs, and penetration here is bound to be much higher than in overseas markets, the analyst said.
China’s NEV ownership exceeds 10 million units
Of these, 8.1 million are pure electric vehicles, accounting for 80.93 percent of the total number of NEVs.
China’s NEV sales up 49.6% in May from April, CAAM data show
China's auto industry as a whole still reported lower sales in May compared to a year ago, despite an improvement from April.
China unveils policy to boost consumption of NEVs in rural areas
BYD has six models on the list, and Leapmotor, WM Motor, Neta and Ora also have models eligible to participate in the campaign.
Elon Musk: China leading the world in renewable energy generation and EVs
"Whatever you may think of China, this is simply a fact," Musk said.
Shenzhen issues measures to boost consumption, including NEVs
Shenzhen will increase the availability of quotas for regular cars and provide subsidies to consumers who buy NEVs.
EVs in China cost only 10% more than conventional offerings, IEA says
By comparison, in other major markets, the median price of EVs is 45 percent to 50 percent higher than conventional products.
China’s passenger car retail sales fall 21% year-on-year in first half of May
The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in…
China mulls extending EV subsidies due to expire at year-end, report says
China is in talks with automakers to extend EV subsidies that were set to expire in 2022, aiming to maintain growth in a key market amid a…
China expected to introduce new policies to boost rural car consumption in early June, report says
China will encourage consumption by rural residents of cars priced at less than 150,000 yuan ($22,230), including ICE vehicles and NEVs,…