EVs capture two-thirds of China's car market in record-breaking week
China's new energy vehicles (NEVs) reached a record share, accounting for more than two-thirds of all vehicle sales according to weekly data from the China Association of Automobile Manufacturers. According to the South China Morning Post, the record was driven by aggressive price cuts at BYD, Geely and XPeng. European automakers continue to struggle to hold their share of the Chinese market.
South China Morning Post4 h ago1211.HK 0175.HK