Daily Market Updates: EVs expand in China as new-vehicle penetration rises in July

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EVs expand in China as new-vehicle penetration rises in July

The China Passenger Car Association said July penetration of new energy vehicles increased, with Tesla’s Model Y staying among the most popular models.

Reported · Written up by our desk · China

EVs continued to gain share in China’s passenger car market in July, according to data released by the China Passenger Car Association, as reported by CNBC.

The association’s figures showed penetration of new energy vehicles rising in July, underscoring ongoing demand for electrified models.

CNBC highlighted Tesla’s Model Y as remaining a top choice in the market based on the latest sales data.

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Sources

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EVs expand in China as new-vehicle penetration rises in July

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