China's new-energy vehicle (NEV) market saw significant growth in sales in May, industry data showed, a sign of the sector's rapid development and strong consumer demand.
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The penetration rate of China's passenger new-energy vehicles (NEVs) exceeded 50 percent in the first half of April, as reported by China Central Television (CCTV) on Sunday, outperforming traditional fuel passenger vehicles and marking the rapid development of the NEV sector in China amid full market competition.
China's NEV sector off to strong start in first quarter - People's Daily Online en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.
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China’s auto industry has showed a remarkable performance at the beginning of the year as the output, domestic sales and exports all rose year-on-year in January, with the growth momentum set to persist all year.
Chinese carmaker BYD said it will invest more to help expand new-energy vehicle (NEV) exports via sea shipping, with seven new roll-on/roll-off (ro-ro) ships - for wheeled cargo transport - expected to begin operating in the next two years, Wang Chuanfu, chairman and president of BYD, said on Sunday.
Chinese new-energy vehicle (NEV) maker BYD celebrated the production of its 5 millionth NEV on Wednesday, making it the first automaker in the world to hit this record.