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31 Oct
06:58

CPCA estimates 37.1% NEV penetration rate for October

China Passenger Car Association (CPCA) estimates the penetration rate of new energy vehicles (NEVs) on Chinese roads to be 37.1% in October, Kallanish learns.  This is roughly the same level as September’s 36.9% uptake share. In October, the sales of NEVs reached about 750,000 units, which is 34.6% higher year-on-year, but only a 0.9% on-month increase. As the traditional peak season, automakers continued implementing strong discounts and promotion p…
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