#China Auto Market

2 articles in this collection

Jun 28, 2026 5 min read

NIO CEO Predicts 90% NEV Penetration by 2030 as China’s EV Transition Accelerates

NIO CEO William Li predicts 90% NEV penetration and 80% pure EV share in China by 2030. May 2026 data shows 62.9% penetration with pure EVs as the only growing powertrain. A warning for global automakers.

Jun 15, 2026 4 min read

China NEV Penetration Hits Record 62.9% in May 2026 as ICE Retail Collapses

China NEV retail penetration hit a record 62.9% in May 2026, driven by a 36% collapse in ICE retail sales. NEV retail was flat at ~950,000 units while A00-class NEV sales fell 44% amid expiring incentives.