China's NEV sales rise 31.9% in July
Time:2023-08-09
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Retail sales of new energy vehicles (NEVs) in China jumped 31.9 percent year-on-year in July, data from the China Passenger Car Association (CPCA) showed on Tuesday.

 

A total of 641,000 NEVs were sold in China last month, according to the CPCA. However, the figure represented a month-on-month decline of 3.6 percent.

 

China's new energy vehicle market continued to see substantial expansion as the total retail sales of NEVs rose 36.3 percent year-on-year to 3.73 million units since the beginning of the year, data showed.

 

Data indicates that retail sales of passenger vehicles reached 1.78 million units in July, marking the second-highest level in history.

 

Source:Xinhua

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