Retail sales of passenger electric vehicles in China rose 111.2% annually to 529,000 units in August, of which Chinese auto majors accounted for 70% of the month’s total — up 4.2% from last year, according to figures published Thursday by the China Passenger Car Association (CPCA). Young EV startups, led by US-listed Nio, Xpeng Motors, and Li Auto, are under pressure as their market share declined 3.9% year-on-year to 15.3%. Meanwhile, the percentage of market share for overseas automakers fell 0.64% to 6.4% compared to a year earlier, the industry group said. Tesla China shipped 76,965 locally made vehicles last month, of which 42,463 units were exported. [CPCA statement, in Chinese]
0 Commentaires