China's NEV Sales Surpass 60 Percent

For the first time in July, new energy vehicle sales in China exceeded 60% of total new car sales. The growth continues, with production surpassing 1.57 million units and sales reaching 1.56 million units—a roughly 27% annual increase in production and a 24% rise in sales for the month. Additionally, their cumulative market share over the first seven months of the year exceeded 50%.

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