China sold 612,000 BEVs and a record 436,000 PHEVs in June.
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Category: Industry News
The Binguo EV is now available in four variants in China with a starting price of RMB 56,800 ($7,810).
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As of the end of June 2024, China's BEV ownership amounted to 18.134 million vehicles, accounting for 73.35 percent of the total NEVs.
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Retail sales of BEVs in June were 493,000 units, down 0.5 percent from May, while PHEVs were 363,000 units, up 17.4 percent from May.
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SAIC says it will raise further defenses due to unreasonable and erroneous aspects of the European Commission's anti-subsidy investigation.
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Due to design reasons, these vehicles may experience brake fluid leakage, which can lead to reduced braking effectiveness and longer braking distances.
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The EU's provisional tariffs will apply from July 5 for a maximum period of four months. Within this timeframe, a final decision on the definitive tariffs must be made through a vote by EU member states.
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China's NEV penetration at retail stood at 49.23 percent in June and 41.91 percent year-to-date.
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The only China-made EVs currently imported into Canada are from Tesla, and local Chinese branded EVs have yet to be sold in Canada.
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In June, price wars in China's auto market cooled down, spurring consumer sentiment among groups that had been on the sidelines, the CPCA said.
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