EV Industry

China's NEV production reached 8.91 million units in 2023, up 34.15 percent year-on-year.

China's NEV retail penetration was 49.12 percent for June 1-23, and 41.36 percent year-to-date.

China's June retail sales of NEVs are set to be the second highest on record, further approaching last December's record high.

China's retail penetration of NEVs was 49.52 percent for June 1-16, and 40.99 percent year-to-date.

Excluding exports, domestic NEV sales were 856,000 units in May, up 40.8 percent year-on-year and up 16.3 percent from April.

China's NEV penetration at retail was 50 percent in June 1-10, and 40.74 percent year-to-date.

In the first quarter of this year, Xpeng's exports reached 61.8 percent of the full year 2023, the company said.

China's NEV penetration at retail was a record 47 percent in May, up 14 percentage points from 33 percent a year earlier and up 3.3 percentage points from 43.7 percent in April.

China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.

In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the sidelines, the CPCA said.