China's 2024 NEV Sales Expected to Reach 11.5 Million, Says CAAM Secretary-general

A total of 11.5 million units means that China's NEV sales will exceed the 10 million mark for the first time in 2024, representing a growth rate of 22 percent. For details, please visit CnEVPost.

CnEVPostJul 11 23:52 ET

Cui Dongshu: Consumption upgrade drives a significant increase in the proportion of high-end car sales.

Zhicheng Financial APP learned that on July 11th, Cui Dongshu released an analysis of the market structure of passenger vehicle price segments.

Zhitong FinanceJul 11 04:35 ET

Hong Kong: By mid-2027, the total number of public and private charging and parking spaces will be increased to approximately 0.2 million.

On July 10th, Frank Chan Fan, Hong Kong's Secretary for Transport and Logistics, stated in written response to a question from a legislator that the number of models of pure electric private cars available on the market continues to increase, with approximately 70% of newly registered private cars being pure electric vehicles.

Zhitong FinanceJul 10 03:42 ET

China NEV Sales Back Above 1 Million in Jun, CAAM Data Show

China sold 612,000 BEVs and a record 436,000 PHEVs in June. For details, please visit CnEVPost.

CnEVPostJul 10 03:10 ET

Cui Dongshu: In June, the domestic retail penetration rate of electric vehicles reached 48.5%, a year-on-year increase of 13.6 percentage points.

According to the Zhitong Finance APP, Cui Dongshu, the Secretary-General of the China Passenger Car Association, stated that the main reason for the continued negative growth of passenger vehicle retail sales from April to June is the unexpectedly low decline of 25% in gasoline car sales compared to the same period last year, while the growth rate of electric vehicles and gasoline vehicles in June maintained a difference of 55%.

Zhitong FinanceJul 9 03:18 ET

The situation of the auto market in the first half of the year: never-ending price reductions, unsellable cars.

In June of this year, the discount rate of the Chinese automobile market reached a new high in nearly three years. The strengthening of price reduction promotions has led to the sales volume of major car companies reaching an annual peak.

wallstreetcnJul 9 01:24 ET