CPCA
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CPCA says purchase tax on NEVs will be inevitable in China
As ownership of conventional ICE vehicles shrinks dramatically, the tax gap will need to be filled by a tax system for EVs, the CPCA said.
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CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months
The CPCA has raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, with the possibility of further increases in the fourth quarter.
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China's wholesale sales of passenger NEVs total 564,000 units in July, CPCA data show
Improved supply and expectations of higher oil prices have kept the NEV market booming with strong order books, the CPCA said.
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China's July retail sales of NEVs expected to be around 450,000 units, CPCA says
EV makers including Nio, Tesla and GAC Aion have further increased capacity and are expected to see increased production in the second half of the year, the CPCA said.
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Tesla Model Y tops list of best-selling SUVs in China in June
Tesla Model Y retail sales in China in June were 52,150 units, well above the second place BYD Song's 31,787 units.
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Nio ET7 moves up two spots to 7th in top 10 premium sedan sales in China in June
The Nio ET7 outpaced two models from local brand Hongqi and was behind only the ICE models from German luxury automakers.
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China's wholesale sales of passenger NEVs hit record 571,000 units in June, CPCA data show
Against the backdrop of the halving of the ICE vehicle purchase tax, not only were NEVs unaffected, they improved more than expected sequentially, the CPCA said.
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Tesla sells record 78,906 China-made vehicles in June, CPCA data show
Tesla China exported just 968 vehicles in June and delivered 77,938 to Chinese consumers.
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Tesla sells 78,000 China-made vehicles in June, preliminary CPCA data show
This represents an increase of about 135 percent over the 33,155 units sold in the same month last year and a 143 percent increase over the 32,165 units sold in May.
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China's June retail sales of NEVs likely to hit record high, CPCA says
Sales of major Chinese automakers' NEVs grew at a rapid pace in June, with retail sales expected to approach 500,000 units, the CPCA said.
