China NEV Market
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China NEV retail sales drop 11% year-on-year in first 24 days of May
NEVs continue to dominate China's passenger vehicle market, with retail penetration reaching 62.5% from May 1 to 24.
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CPCA forecasts 950,000 NEV retail sales in China for May amid mild recovery
The CPCA expects China's May NEV retail sales to rise 12.0% month-on-month, with the penetration rate hitting a record 62.5%.
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CPCA head calls for China to establish budget EV standards to boost sales
CPCA's Cui advocates introducing standards for budget EVs in China to stimulate demand in underdeveloped regions and address sluggish auto sales.
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CPCA expects China's April NEV retail sales to edge up to 860,000 units
China's April NEV retail penetration rate is expected to rise above 60% for the first time, with NEVs rebounding as the broader auto market continues to decline.
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China's cumulative NEV sales have surpassed 40 million units
China has maintained its position as the world's top producer and seller of NEVs for ten consecutive years.
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China targets 15.5 million NEV sales in 2025 with 20% year-on-year growth
China has released an automotive industry growth stabilization plan aimed at achieving key economic development goals for the sector.
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China Q1 auto imports see rare 39% year-on-year decline
In the first quarter, China imported 8,870 vehicles from the US, a 66 percent year-on-year decline.
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China aims for BEVs to dominate new car sales by 2035
BEVs contributed 27.61 percent of China's passenger car retail sales in 2024.
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Chinese NEVs 3-5 years ahead of rest of world, says BYD chairman
Chinese NEVs are about 3-5 years ahead of the rest of the globe, said BYD's Wang Chuanfu, calling for a more open world.
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China renews car trade-in subsidies, analysts see more benefit for lower-priced NEV makers
Deutsche Bank analysts expect the subsidies to drive full-year demand growth of 3 million units in 2025 and support double-digit growth in the second and third quarters.
