New Energy Vehicles Outsell Fuel Vehicles in China

Byd new energy vehicles are transported in Hefei, Anhui province, China, April 26, 2024. On April 23, "China News" reported that the production and sales of new energy vehicles in China have accounted for more than 60% of the global market. According to the latest data from the Passenger Association, in the first half of April 2024, China's passenger car market retail 516,000 units, including 260,000 new energy vehicle market retail, penetration rate exceeded 50% for the first time, and the market share exceeded fuel vehicles for the first time.