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Chinese NEV Share Hits 63%. What’s Next?
EVs are reaching new levels of market penetration in China. Chinese retail NEV (BEV and PHEV) market share was estimated to be 63% for May, while Chinese wholesale (includes exports) reached 61%, according to CPCA, as reported in CnEVPost.
AI Summary
Chinese retail new‑energy vehicle (NEV) sales reached a 63 % market share in May, while wholesale sales—including exports—hit 61 %, according to CPCA data reported by CnEVPost. Retail EV sales fell 5 % year‑over‑year but were up 15 % month‑over‑month to 974,000 units. Wholesale NEV sales totaled 1.36 million units, up 12 % YoY and 11 % MoM. These figures mark an all‑time high and a significant milestone for China’s NEV market, suggesting the technology may soon dominate the domestic automotive landscape.
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