Passenger vehicle retail sales in China are expected to amount to 1.75 million units in June this year, up 2.3 percent month on month, according to the preliminary statistics issued by China Passenger Car Association (CPCA).
In June, new energy passenger vehicle retail sales are likely to total 860,000 units, up 6.9 percent month on month. Meanwhile, the market penetration rate of passenger new energy vehicles (NEVs) is expected to reach a relatively high level, which will stand at 49.1 percent.