market share

China NEV sales climb 17.8% in August, hitting record 60.6% market share

China's new energy vehicle sales rose 17.8% year-on-year in August to 1.643 million units, with NEVs reaching a record 60.6% share of total vehicle sales. BEV sales jumped 27.8% while PHEV sales slipped 0.9%, as roughly 130% growth in NEV exports offset softer domestic demand.