EV Industry

This marks the first time this year that China's NEV retail sales have returned to above 1 million units.

Morning Midas was transporting about 3,000 cars from several Chinese automakers, including Chery and Great Wall Motor, according to Bloomberg.

A car carrier departing from China and carrying EVs was abandoned after catching fire in the middle of the Pacific Ocean on Tuesday.

In May, China's passenger NEV wholesale sales are expected to reach 1.24 million units, a year-on-year increase of 38 percent and a month-on-month increase of 9 percent.

China's retail penetration of NEVs was 53.5 percent in the May 1-25 period, and 49.2 percent year-to-date.

In May, China's passenger NEV retail sales are expected to be 980,000 units, with penetration at around 52.9 percent.

An investor from Lebanon has invested in HiPhi and the countdown is on for the brand's work resumption, according to local media.

China's NEV penetration at retail stood at 52.0 percent in May 1-18 and 48.8 percent year-to-date.

China's cumulative retail sales of passenger NEVs so far this year stood at 3.618 million units, up 35 percent year-on-year.

BEV sales in April were up 58.4 percent year-on-year, higher than the 21.9 percent growth rate for PHEVs.