EV Industry

China's passenger NEV retail sales saw year-on-year growth last month, despite a decline from March.

China's NEV retail penetration stood at 52.3 percent in April and 48.31 percent year-to-date.

China's wholesale sales of passenger NEVs were estimated at 1.14 million units in April, up 42 percent year-on-year and up 1 percent from March.

Rox Motor plans to launch one all-new model each year from 2025 to 2027.

Retail sales of all passenger vehicles in China totaled 1.391 million units in the April 1-27 period, up 10 percent year-on-year but down 10 percent from the same period last month.

In the first quarter, China imported 8,870 vehicles from the US, a 66 percent year-on-year decline.

The SC01's launch is one of the most low-profile new car launches in China's auto industry.

Overall passenger car retail sales in April are estimated to be around 1.75 million units, up 14.4 percent year-on-year but down 9.8 percent from the previous month.

China's smart NEV market has been dominated by local brands, but global auto brands have caught up, said Deutsche Bank.

Dramatic changes in the external environment, especially additional tariffs that exceeded expectations, have taken a toll on consumer sentiment, the CPCA said.