Articles tagged with NEV Penetration (3 on launch).
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.
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.
China's NEV exports surged 110% to 446,000 units in May 2026 as PHEV shipments grew 140%, offsetting weak domestic demand and reshaping global auto supply chains.
MIIT and SAMR summon Chinese automakers over price-war concerns as May NEV retail sales fall 7.5% YoY to 950,000 units. Regulators demand compliance with pricing laws and product quality standards.
Guangdong Province plans over 3 million EV charging facilities by 2027, with 480 kW ultra-fast charging and V2G. Superchargers will outnumber gas stations in China's economic hub.
China's used NEV resale values surged 30% YoY with 547,900 units sold Jan-Apr 2026. Structural reversal driven by price stabilization, charging infrastructure, and battery durability.
China issues QC/T1086-2026 replacing 8-year-old EREV range extender rules with quantified power precision, 750-hour durability tests, and EMC requirements as EREV sales surpass 1 million annually.
China's new energy vehicle penetration reached a record 62.5% in May 2026, with wholesale NEV sales hitting 1.36 million units as the market achieved double-digit year-over-year and month-over-month growth for the first time this year.
China's NEV penetration rate hit 62.5% in May 2026, a record without subsidies, as 950,000 NEV retail sales signaled product-led demand over policy incentives.
IEA Global EV Outlook 2026 projects 23 million electric car sales globally and nearly 30% market share, with China and battery costs shaping adoption.
