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China's EV penetration hits 65.1% in July
China witnessed a record surge in the adoption of new energy vehicles in July, accounting for 65.1% of total car sales — an increase of 11.6 percentage points from the previous year and 2.1 percentage points from the month before. Although sales of new energy vehicles declined by 3.9% year-over-year to reach 951,000 units, production volume saw a notable increase of 25.6%, reaching 1.45 million units in July. Cumulative production over the first seven months of the year totaled 8.21 million units, with an annual growth rate of 7.9%. This reflects China's growing trend toward adopting clean energy vehicles, despite current market challenges.
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