Post: China’s NEV Output, Sales Register Fast Growth in H1

China's production and sales of new energy vehicles (NEVs) continued to maintain rapid growth in the first six months (H1) of this year, with the NEV market share steadily increasing in the domestic market. During the period, the production of NEVs reached about 4.93 million units, rising 30.1 percent year on year, according to data from the China Association of Automobile Manufacturers (CAAM). The sales of NEVs stood at 4.94 million units, growing by 32 percent from a year earlier, the data reveals. The market share of NEVs in China reached 35.2 percent by the end of June, according to China's News Agency (Xinhua). In the January-June period, some 605,000 units of NEVs were exported, representing a year-on-year increase of 13.2 percent, the data shows. Source: Qatar News Agency