China aims to double the amount of scrapped cars recycled by 2027 compared to 2023.
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China aims to double the amount of scrapped cars recycled by 2027 compared to 2023.
The post China releases action plan to encourage trade-in of consumer goods including cars appeared first on CnEVPost.
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China's retail penetration of NEVs was 47.09 percent in April 1-6, and 37.1 percent year-to-date.
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China's retail penetration of NEVs was 47.67 percent in the March 1-24 period.
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China's NEV retail penetration rebounded to 48.0 percent in the March 1-17 period.
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Retail penetration of NEVs in China rebounded to 43.38 percent in the March 1-10 period.
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Retail sales of all passenger vehicles in China for the period February 1-25 were 861,000 units, down 25 percent year-on-year and down 43 percent from the same period last month.
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China's NEV sales declined significantly in the first three weeks of February, mainly due to the Chinese New Year holiday.
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The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA.
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China's passenger NEV retail sales stood at 596,000 units in January 1-28, up 92 percent from a year earlier but down 24 percent from a month earlier, data from the CPCA showed. (Image credit: CnEVPost) China's new energy vehicle (NEV) sales were weak in the first four weeks of January and don't appear to be […]
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China's NEV sales performance didn't continue to deteriorate last week, despite the beginning of the year usually is a low point for sales.
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