China NEV Market
China's NEV sales up 49.6% in May from April, CAAM data show
China's auto industry as a whole still reported lower sales in May compared to a year ago, despite an improvement from April.
China's wholesale sales of passenger NEVs up 49.8% in May from April, CPCA data show
China's NEV industry has been hit by the current epidemic, but the year-on-year improvement has exceeded expectations, the CPCA said.
China unveils policy to boost consumption of NEVs in rural areas
BYD has six models on the list, and Leapmotor, WM Motor, Neta and Ora also have models eligible to participate in the campaign.
Elon Musk: China leading the world in renewable energy generation and EVs
"Whatever you may think of China, this is simply a fact," Musk said.
Shenzhen issues measures to boost consumption, including NEVs
Shenzhen will increase the availability of quotas for regular cars and provide subsidies to consumers who buy NEVs.
World to see no new ICE vehicle sales by 2035 at latest, says CATL exec
"The trend is already happening," said Ni Jun, CATL's chief manufacturing officer.
EVs in China cost only 10% more than conventional offerings, IEA says
By comparison, in other major markets, the median price of EVs is 45 percent to 50 percent higher than conventional products.
China's passenger car retail sales fall 21% year-on-year in first half of May
The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.
BREAKING: China mulls extending EV subsidies due to expire at year-end, report says
China is in talks with automakers to extend EV subsidies that were set to expire in 2022, aiming to maintain growth in a key market amid a broader economic slowdown, Reuters said.
China expected to introduce new policies to boost rural car consumption in early June, report says
China will encourage consumption by rural residents of cars priced at less than 150,000 yuan ($22,230), including ICE vehicles and NEVs, according to local media.