EV Industry

If sales continue up the S-curves, EVs will make up between 62 percent and 86 percent of global car sales by 2030, with China's EV market share reaching at least 90 percent.

In the first 10 days of September, China's penetration of NEVs at retail was 39.18 percent, and 33.8percent year-to-date.

From September 2022 to August 2023, the average number of newly added public charging piles in China was 54,000 per month.

Kaixin Auto has signed a non-binding letter of intent to acquire 100 percent of WM Motor from its shareholders by issuing a certain number of new shares.

From January to August, China's NEV sales were 5.37 million units, up 39.51 percent year-on-year, accounting for 29.5 percent of all vehicle sales.

Retail penetration of NEVs in China stood at 37.3 percent in August, up 9 percentage points from 28.3 percent a year earlier and up from 36.1 percent in July.

China's wholesale sales of passenger NEVs in August were 805,000 units, up 28 percent year-on-year and up 9 percent from July.

In January-August, China's passenger NEV wholesale sales are estimated at 5.08 million units, up 39 percent year-on-year, according to the CPCA.

HiPhi previewed the price hike earlier this month, saying it was because the two long-range versions accounted for a larger-than-expected share of orders.

In the first four weeks of August, China's NEV retail penetration was 39.67 percent, while it was 33.70 percent year-to-date.