EV Industry

China's NEV retail penetration rate stood at 58.5 percent in September and 52.2 percent year-to-date.

From January to September, China's NEV wholesale sales are estimated at 10.45 million units, up 32 percent year-on-year.

In the September 1-27 period, China's total passenger vehicle retail sales reached 1.776 million units, flat compared to the same period last year.

In the September 1-21 period, China's total passenger vehicle retail sales amounted to 1.191 million units, up 1 percent from the same period last year.

In September, China's passenger NEV retail penetration rate is projected to reach a record 58.1 percent.

China has maintained its position as the world's top producer and seller of NEVs for ten consecutive years.

Dreame's EV unit shared a rendering in its first Weibo post, mentioning some specifications.

China's total passenger vehicle retail sales from September 1-14 totaled 732,000 units, down 4 percent compared to the same period last year.

Dreame has completed its first round of funding for its EV unit, just two weeks after officially announcing its entry into car-making.

From September 1 to 7, China's total passenger vehicle retail sales totaled 304,000 units, a 10 percent year-on-year decrease.