passenger cars

China NEV retail sales fall 7% in early November but capture record 74.9% of passenger car market

China's passenger new energy vehicle retail sales totaled 219,000 in November 1-8, down 7% year-on-year yet far outperforming a 21% decline in the overall passenger car market. NEVs reached a record 74.9% of retail sales as high fuel prices accelerated the shift away from gasoline vehicles.