NEV Penetration
BYD chairman expects China's NEV penetration to exceed 50% within next 3 months
BYD's chairman predicted a month ago that China's monthly NEV penetration rate would exceed 50 percent within this year, and now he expects that figure to be seen within the next t
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China could see single-month NEV penetration exceed 50% this year, says BYD chairman
BYD is China's largest NEV maker, capturing 35 percent of the country's NEV market in 2023.
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Shenzhen's NEV penetration has reached 57% so far this year
To date, Shenzhen has 740,000 NEVs. The city plans to have that number reach 1.3 million by 2025.
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China's 25% NEV penetration target could be reached three years earlier than planned
China's goal is to have 25 percent penetration of NEVs by 2025, but it now appears that target could be reached this year, according to a top government official.
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