The market penetration rate of retail NEV has surpassed 50% in July, CPCA data shows.
CPCA: China's retail sales of passenger vehicles -2.8% y/y to 1.72 million units in July, or -2.6% m/m. NEV retail sales 0.878 mln, +36.9% y/y, +2.8% m/m.
Tesla China sold 74,117 vehicles in July, with EV shares rose by 0.4 percentage points to 5.3%.
$Tesla (TSLA.US)$ China exported 27,890 vehicles(-15%y/y, +137% m/m), and $BYD COMPANY (01211.HK)$ 26,995 (+65.2% y/y, +11.2%m/m).
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104631563 : Bocom Intl: China's domestic auto companies set a new record for overseas sales in June, bullish on the performance of NIO Inc-SW (09866) and Xpeng Inc-W (09868).