China's NEV share of new car sales continues to rise
Detailed summary
New energy vehicles (NEVs) continued to gain ground in China's auto market in October, accounting for a larger share of new car sales, industry data showed on Wednesday. NEVs…
BEIJING -- New energy vehicles (NEVs) continued to gain ground in China's auto market in October, accounting for a larger share of new car sales, industry data showed on Wednesday.
NEVs accounted for 64.3 percent of new car sales last month, up from 61.6 percent in September, while the cumulative share for the first 10 months climbed to 54.8 percent, according to the China Association of Automobile Manufacturers.
In October, NEV output and sales reached about 2.02 million and 1.94 million units, respectively, both up by more than 13 percent year-on-year.
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