Rev up your engines, folks! 🚗💨 China's new energy vehicle (NEV) market is on fire! 🔥 In July alone, sales of NEV passenger vehicles soared to a whopping 878,000 units, marking a 36.9% jump compared to last year. Talk about a power surge! ⚡
But wait, there's more! China's NEVs aren't just cruising the local streets—they're hitting the global highway too! 🌍🚢 In July, around 92,000 NEV passenger vehicles were exported, up 1.3% year-on-year and a significant 18.2% increase from the previous month. That's nearly a quarter (24.5%) of all passenger vehicle exports. Impressive, right? 🙌
Chinese-made NEV brands are gaining mad respect overseas, and their global recognition continues to climb. 🚀 Despite some recent external bumps in the road, the long-term outlook for China's NEV export market is looking electric. ⚡️ The China Passenger Car Association (CPCA) is feeling optimistic!
What's fueling this epic ride? The proportion of NEV sales in total vehicle sales hit a record 51.1% in July, up 15 percentage points from last year. 📈 The CPCA credits this rapid growth to China's robust manufacturing sector, strong industrial chains, and the rise of innovative, high-quality production forces. 🏭🔧
Overall, China's exports of passenger vehicles reached 376,000 units in July, a 20% surge year-on-year. While retail sales of passenger cars edged down slightly by 2.8% to 1.72 million units, the NEV sector is clearly stealing the spotlight! ✨
So, buckle up! China's driving the future of green transportation, and it's a ride you won't want to miss! 🌱🚗⚡
Reference(s):
cgtn.com
