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China's NEV Output, Sales Record Fast Growth in First Half of 2024

Jul. 10, 2024  05:16

AsianFin--China's production and sales of new energy vehicles (NEVs) continued to maintain rapid growth in the first six months of this year, with the NEV market share steadily increasing in the domestic market, industry data showed on Wednesday.

During the period, the production of NEVs reached about 4.93 million units, rising 30.1% year on year, according to data from the China Association of Automobile Manufacturers (CAAM).

The sales of NEVs stood at 4.94 million units, growing by 32% from a year earlier, the data reveals. The market share of NEVs in China reached 35.2% by the end of June.

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