China's new energy vehicle (NEV) market is expected to reach a penetration rate of 49.1% in June, according to an industry survey. This marks a significant milestone as the market continues to grow steadily amid intensifying competition. The China Passenger Car Association (CPCA) projects that June NEV retail sales will reach 860,000 units. Despite a slight decline in early June sales to 314,000 units, down 4% from the same period last month, the overall market shows robust growth. China's long-term goal is for NEVs to account for more than 50% of total auto sales by 2035, a target now likely to be achieved nine or ten years ahead of schedule.
China's transport sector saw continued intelligent and green development by end-2023, a recent report showed: - New energy vehicles took up 77.7% of public transport system - 18 automated container terminals built, 27 automated terminals under construction, both topping the world https://t.co/PB02P3hAxy
The penetration rate of new energy vehicles (NEVs) in #China, a gauge of popularity, is expected to hit a new high of 49.1 percent in June, as the market continues to grow steadily amid intensifying competition, an industry survey showed Thursday. #NEV #EV #automobile… https://t.co/Vf8A8S0eDI
China's NEV penetration rate to hit new high of 49.1% in June https://t.co/NoNdyVBrZH
"The penetration rate of NEVs in China is expected to hit a new high of 49.1% in June. China set the goal for NEVs to account for more than 50% of total auto sales by 2035. It now appears likely to achieve this goal nine or ten years ahead of schedule." https://t.co/U6o8g3nKpv
The penetration rate of new energy vehicles (NEVs) in China, a gauge of popularity, is expected to hit a new high of 49.1% in June, as the market continues to grow steadily amid intensifying competition: industry survey https://t.co/uTmNGiB65d https://t.co/ItJBtcS4g5
CPCA expects China's Jun NEV retail at 860,000, with record 49.1% penetration https://t.co/D15FO1DU1i
China NEV retail at 314,000 in Jun 1-16, down 4% from same period last month https://t.co/oSu7dKSnB3