Smart and Sustainable Electric Mobility
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
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China's retail penetration of NEVs was 49.3 percent in April 1-21 and 38.56 percent year-to-date.
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China's retail penetration of NEVs was 50.39 percent in April 1-14, and 38 percent year-to-date.
The post China's NEV retail at 260,000 in Apr 1-14, up 2% from same period last month appeared first on CnEVPost.
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China aims to double the amount of scrapped cars recycled by 2027 compared to 2023.
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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.
The post China's NEV retail at 490,000 in Mar 1-24, up 84% from same period last month appeared first on CnEVPost.
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China's NEV retail penetration rebounded to 48.0 percent in the March 1-17 period.
The post China's NEV retail at 335,000 in Mar 1-17, up 115% from same period last month appeared first on CnEVPost.
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Retail penetration of NEVs in China rebounded to 43.38 percent in the March 1-10 period.
The post China's NEV retail at 154,000 in Mar 1-10, up 64% from same period last month appeared first on CnEVPost.
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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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