China's retail penetration of NEVs was 47.67 percent in the March 1-24 period.
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China's retail penetration of NEVs was 47.67 percent in the March 1-24 period.
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The NEV penetration rate is expected to reach a record 45.5 percent in March as it reversed the pre-holiday slump and rose rapidly, the CPCA said.
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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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In the January-February period, BYD topped China's NEV market with a 30.8 percent share, while Tesla came in fourth with 6.6 percent.
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Retail penetration of NEVs in China was 35.8 percent in February, up 2.9 percentage points from 32.8 percent in January.
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In February, China's retail sales of all passenger vehicles totaled 1.092 million units, down 21 percent year-on-year and down 47 percent from January.
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February sales in China's auto market are expected to be the lowest of the year, the CPCA said.
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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 auto market saw seasonal weakness in February as the 2024 Lunar New Year holiday fell in mid-February, the CPCA noted.
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