EV Industry

Evergrande NEV president Liu Yongzhuo has been taken into criminal detention on suspicion of violating the law, an announcement said.

China's retail penetration of passenger NEVs was 39.6 percent in December and 35.7 percent in 2023, according to preliminary CPCA data.

Preliminary estimates show that for the full year 2023, China's wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA.

China's passenger NEV retail sales stood at 7.375 million units so far this year, up 34 percent year-on-year.

The Jiyue 07 is another 7-series model for the Chinese EV market. Jiyue just launched its first model, the Jiyue 01, on October 27.

China's NEV penetration at retail is expected to be around 41.4 percent in December, up from 40.4 percent in November.

China's retail penetration of NEVs was 38.7 percent in the December 1-17 period, and 35.3 percent year-to-date.

So far this year, China's passenger NEV retail sales amounted to 6.996 million units, up 34 percent year-on-year.

China sold a record 1,026,000 NEVs in November, including 929,000 sold locally and 97,000 exported.

BEVs sold a record 552,000 units at retail in November, accounting for 65.6 percent of all NEV retail sales.