EV Industry

BEVs accounted for 69.23 percent of the total NEV ownership by the end of June, down slightly from 70.34 percent at the end of 2024.

In June, China's passenger NEV retail sales totaled 1.071 million units, marking the second consecutive month above 1 million units.

In the first half of the year, China's NEV wholesale sales are estimated to reach 6.47 million units, up 38 percent year-on-year.

Anji Commonality becomes SAIC's 37th car carrier and will head to Europe on its maiden voyage.

The penetration rate of NEVs in retail sales was 54.5 percent from June 1 to 22, and 50.06 percent year-to-date.

In January-May, China imported 180,000 cars, down 33 percent year-on-year, marking a rare sharp decline for January-May in recent years.

The updated Electra E5 has a starting price of RMB 169,900 ($23,640), and Buick promises zero self-ignition for the model.

The penetration rate of NEVs in retail sales was 57 percent from June 1 to 15, and 49.98 percent year-to-date.