EV Industry

China's retail sales of NEVs were a record 1.015 million units in August, with penetration rising to a record 53.14 percent, preliminary CPCA data showed.

China's wholesale sales of passenger NEVs are expected to come in at 1.05 million units in August, which would be the first time this year that they have exceeded 1 million units.

Rox Motor has signed distribution agreements with partners from Qatar, Kuwait, Azerbaijan, the Philippines, and Egypt to initiate the construction of sales channels in these five emerging markets.

Jiyue has begun pre-sales of the Jiyue 07 at a price of RMB 215,900 ($30,300), with the model set to go on sale on September 10.

China's NEV retail penetration was 55.1 percent in the August 1-25 period, and 44.3 percent year-to-date.

The last Shanghai auto show was held in April 18-27, 2023, with 1,413 vehicles on display, including 513 NEVs.

Jiyue will hold a launch event on August 28 about smart driving using end-to-end AI technology and will launch the Jiyue 07 sedan on September 10.

China's NEV retail penetration is set to exceed 50 percent for the second consecutive month and reach a new record high of 53.2 percent.

China's NEV retail penetration rate was 54.02 percent in August 1-18, and 43.92 percent year-to-date.

Lynk & Co began accepting customer pre-orders for the Z10 on August 15, with the official launch set for September 5.