Smart and Sustainable Electric Mobility
Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum in sales, the CPCA said.
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Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
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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.
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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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In the January-March period, BYD was No. 1 with a 33.1 percent share, while Tesla was No. 3 with a 7.5 percent share.
The post Automakers' share of China NEV market in Mar: BYD tops with 36.6%, Tesla 2nd with 8.8% appeared first on CnEVPost.
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China's retail penetration of NEVs was 41.6 percent in March, up 5.8 percentage points from 35.8 percent in February.
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China's retail sales of all passenger vehicles totaled 1.699 million units in March, up 7 percent year-on-year and up 54 percent from February.
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China's retail sales of all passenger vehicles totaled 1.699 million units in March, up 7 percent year-on-year and up 54 percent from February.
The post China's Mar NEV retail up 80% MoM to 698,000, preliminary CPCA data show appeared first on CnEVPost.
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Both production and sales of passenger vehicles increased significantly in March from February as industries quickly turned to normal operations after the Chinese New Year holiday, the CPCA said.
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