
China NEV Retail Penetration Hits Record 65.1% as Gasoline Vehicle Sales Halve
China's passenger NEV retail sales reached 951,000 units in July 2026, down 3.9% YoY for a seventh consecutive monthly decline. Yet NEV retail penetration surged to a record 65.1%, while conventional ICE vehicle sales plummeted 41% YoY. Exports remained the sole growth engine.
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