China’s NEV penetration at retail was a record 47 percent in May, up 14 percentage points from 33 percent a year earlier and up 3.3 percentage points from 43.7 percent in April.
China’s retail sales of new energy vehicles (NEVs) rebounded significantly in May, after seeing unexpected weakness in April.
Retail sales of e passenger NEVs in China in May were 804,000 units, up 38.5 percent from a year ago and up 18.7 percent from April, according to data released today by the China Passenger Car Association (CPCA).
The figure is higher than the…
