EV Industry

China's BEV sales in July stood at 551,000 units, down 10 percent from June, while PHEV sales grew to a new record high of 438,000 units.

China's retail penetration of NEVs reached a record 51.1 percent in July, the first time it has exceeded the 50 percent mark, meaning that for the first time, NEVs overtook conventional gasoline vehicles in new car sales.

China's NEV penetration at retail stood at 50.84 percent in July, the first time in history it has exceeded 50 percent, according to preliminary CPCA data.

July was traditionally a slow production season, while a lack of demand and extreme weather in some regions led to overall weakness in the auto market, according to the CPCA.

China's retail penetration of NEVs stood at 51.86 percent in the July 1-28 period, and 43.05 percent year-to-date.

China's passenger car retail sales fell in July from June, but the NEV market was bolstered by fast-growing sales of hybrid models, the CPCA said.

China's retail penetration of NEVs stood at 49.35 percent in the July 1-21 period, and 42.45 percent year-to-date.

About 77 out of every 100 newly registered cars in Shenzhen are NEVs.

China's NEV retail penetration was 49.48 percent in July 1-14, and 42.23 percent year-to-date.

The Jiyue 07 will be available in single and dual motor options with a range of up to 880 kilometers, according to previous regulatory filings.