China Jul NEV retail falls below 1 million, with hybrids seeing first-ever year-on-year decline

No Margin For Error In Highflyers' Earnings, Week in Review - China Last Night

Week in Review Asian equities were mostly higher for the week, as Vietnam and Thailand outperformed while India and Indonesia underperformed as the only markets to end the week lower. The China Passenger Car Association (CPCA) announced July new energy vehicle (NEV) sales of 1.18 million, which includes EVs and hybrids, an increase of +25% from July 2024. Mainland investors were especially active this week, buying close to $3 billion worth of H…

China Jul NEV retail falls below 1 million, with hybrids seeing first-ever year-on-year decline

BEVs sold 607,000 units in July, up 24.5 percent year-on-year; PHEVs, including EREVs, sold 380,000 units, down 4.04 percent year-on-year. For details, please visit CnEVPost.