EV Industry

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.

China's NEV penetration at retail is expected to be around 37.8 percent in August, up from 36.1 percent in July.