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13 May
03:54

China's April NEV sales surge, domestic demand questioned

Chinese new energy vehicle (NEV) sales reached 850,000 units in April, an on-year increase of 33.5%, according to the China Association of Automobile Manufacturers (CAAM).  NEV production that month totalled 870,000 units, up 35.9%. January-April production and sales reached about 2.99 million units and 2.94m units, respectively, up 30.3% and 32.3%. April market share of NEVs in China reached 36%, while four-month share was 32.4% Kallanish learns. "Des…
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