China EV Sales Forecast to Hit Record Six Million

09 Aug 2022 | Abstracted from The Edge Markets

"The China Passenger Car Association (PCA) has raised its estimate from 5.5 million, after releasing data showing deliveries of new-energy vehicles (NEVs) more than doubled in July to around 486,000 units - accounting for 26.7% of the new auto market.

"Overall, domestic automakers are grabbing a bigger slice of the NEV market. The main Chinese brands commanded 73% of NEV passenger car sales last month, up nine percentage points" YoY.

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