China's NEV retail penetration is set to exceed 50 percent for the second consecutive month and reach a new record high of 53.2 percent.
Retail sales of new energy vehicles (NEVs) in China are expected to increase further this month, setting a new record for the share of such vehicles.
In August, retail sales of passenger NEVs in China are expected to reach 980,000 units, up 36.6 percent year-on-year and up 11.6 percent compared to July, according to estimates released today by the China Passenger Car Association (CPCA).
China's NEV penetration at retail is expected to rise further to 53.2 percent in August, on track for a new record high, according to CPCA.
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