China's NEV output, sales register stellar growth in first 8 months

WAM
11 Sep 2024, 11:16 GMT+10

BEIJING, 11th September, 2024 (WAM) -- China's production and sales of new energy vehicles (NEVs) continued to maintain fast growth in the first eight months of this year, with the NEV market share steadily increasing in the domestic market, Xinhua News Agency reported, citing official data.

From January to August, the production of NEVs reached about 7.01 million units, rising 29 percent year-on-year, data from the China Association of Automobile Manufacturers (CAAM) showed.

The sales of NEVs stood at 7.04 million units, growing by 30.9 percent from a year earlier, the data revealed. The market share of NEVs in China reached 37.5 percent in the period.

In the January-August period, some 818,000 units of NEVs were exported, representing a year-on-year increase of 12.6 percent.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.

More Information

null in null

International

Section

Red Cross outraged after killing of Gazan ambulance crews

Eight bodies of 9 missing Red Cross medics found in Gaza

GENEVA,.Switzerland - The International Federation of Red Cross and Red Crescent Societies (IFRC) has expressed profound outrage following...

Tesla to launch in Saudi Arabia next month after years of tension

Tesla to launch in Saudi Arabia as Musk and kingdom mend relations

RIYADH, Saudi Arabia: Tesla is finally entering Saudi Arabia, with a launch scheduled for next month—marking a significant shift in...

Apple likely to escape EU fine after browser changes

Apple set to stave off EU fine over browser options, sources say

BRUSSELS, Belgium: Apple appears to have dodged a major regulatory setback in Europe, following recent changes to how users select...

FBI probing increased violence against Tesla

FBI says it is probing 'increase in violent activity toward Tesla'

WASHINGTON, D.C: FBI Director Kash Patel said this week the bureau was probing what he called the increase in violent activity toward...

Alarm over nine Red Cross personnel going missing in Gaza

Concern after disappearance of 9 Red Cross medics in Gaza

GAZA - Israel is refusing to allow search parties to access an area where 9 Red Cross ambulance crew members have gone missing in Gaza....

Georgia jury hits Bayer with $2.1 billion verdict over roundup claims

Bayer ordered to pay $2.1 billion in Roundup cancer lawsuit

NEW YORK CITY, New York: A jury in Georgia has ordered Bayer, the parent company of Monsanto, to pay nearly US$2.1 billion to a man...

Asia Business

Section