Industry News

Global EV sales, which include battery-only ones and plug-in hybrids, totaled 4.1 million units in the first three months this year, up 29 percent from the same period last year, according to statistics from Rho Motion, a leading EV research house. Of them, sales in China reached 2.4 million units, up 36 percent year-on-year. It…

BEIJING — Sales of Chinese-brand passenger vehicles soared 26.4 percent year-on-year in the first quarter of 2024, industry data showed. About 3.39 million such vehicles were sold during this period, according to the China Association of Automobile Manufacturers. The market share of domestic-brand passenger vehicles rose 7.4 percentage points year-on-year to 59.6 percent during the…