Daily Archive: March 8, 2023

BYD reportedly planning big push for battery electric commercial vehicles

BYD has set a budget of more than $20 billion for its commercial vehicle division through 2025, with major spending planned for research, product development and capacity expansion, according to the Wall Street Journal.

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China Feb retail sales of passenger NEVs up 32.8% from Jan to 439,000 units, CPCA data show

In terms of retail sales, China's NEV penetration rate was 31.6 percent in February, up nearly 10 percentage points from a year ago and up from 25.7 percent in January.

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