Retail sales of NEVs in China exceeded 1 million for the fourth consecutive month in November, although penetration declined sequentially for the third time in a row.
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Retail sales of NEVs in China exceeded 1 million for the fourth consecutive month in November, although penetration declined sequentially for the third time in a row.
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China's retail penetration of NEVs was 52.2 percent in November and 47.36 percent year-to-date.
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This is the fifth time that China's monthly NEV wholesale sales have exceeded 1 million units.
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Retail sales of passenger NEVs in China totaled 867,000 units in the November 1-24 period, up 68 percent from a year ago and up 7 percent from a month ago.
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China's NEV penetration at retail is expected to be 53.3 percent in November, up from 52.9 percent in October.
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Retail sales of all passenger cars in China totaled 1.11 million units in the November 1-17 period, up 30 percent from a year earlier and up 3 percent from a month earlier.
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In the January-October period, BYD was No. 1 in the NEV market with a 34.8 percent share, while Tesla was No. 3 with a 6.0 percent share.
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Retail sales of NEVs in China reached a record high in October, but NEV penetration declined slightly due to faster growth in gasoline vehicle sales.
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China's NEV penetration at retail stood at 54.38 percent in October and 46.92 percent year-to-date, according to preliminary CPCA data.
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As of now, all provinces in China have implemented the car replacement subsidy policy and brought a new wave of growth momentum to the automative market, the CPCA said.
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