China's May NEV penetration hits record high despite continued retail sales decline

China May Car Sales Fall 22% as High Fuel Prices Hit Gas Cars

China May Car Sales Fall 22% as High Fuel Prices Hit Gas Cars - High oil prices have hit sales of internal-combustion-engine vehicles, driving NEVs to a record 62.9% market share in May, even as overall passenger-vehicle sales fell 22.1%

China's May NEV penetration hits record high despite continued retail sales decline

China's NEV retail penetration rate reached 62.9% in May, as sales of traditional internal combustion engine vehicles shrank significantly. For details, please visit CnEVPost.