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China's NEV retail sales surge 102 pct in January

A NEV production line at the NIO Second Advanced Manufacturing Base in Hefei, east China's Anhui Province. Photo by Xinhua/Zhang Duan.
A NEV production line at the NIO Second Advanced Manufacturing Base in Hefei, east China's Anhui Province. Photo by Xinhua/Zhang Duan.

Retail sales of new energy vehicles (NEVs) in China jumped 102 percent year on year in January, data from the China Passenger Car Association showed.

This was reported by The Xinhua News Agency.

A total of 670,000 NEVs were sold in China last month, according to the association. However, despite the significant year-on-year increase, the figure represented a month-on-month decline of 29 percent.

Wholesale sales of NEVs rose 77 percent to 690,000 in January, and retail sales of passenger vehicles came in at 2.04 million units, up 58 percent year on year, the association said.

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