China's NEV sales surge 35.1 pct in December 2022

Retail sales of China's new energy vehicles (NEVs) continued to soar in December 2022, the China Passenger Car Association said. This was reported by The Xinhua News Agency.

Retail sales of China's new energy passenger cars came in at about 640,000 units, up 35.1% year on year.

The monthly figure is 6.5% higher than the previous month, according to the association.

From January to December, some 5.67 mln new energy passenger cars were sold via retail channels in the country, skyrocketing 90% from a year ago.

The combination of improved supply and high oil prices has led to a NEV market boom, the association said.