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FINWIRES

Sales of Chinese NEVs Rise 22% in June, CPCA Says

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Sales of Chinese new energy vehicles rose 22% year over year to more than 1.5 million units in June, according to preliminary figures from the China Passenger Car Association released Thursday.

The increase was attributable to higher oil prices, improved supply conditions and stronger exports, the association said.

BYD's (HKG:1211, SHE:002594) sales reached 397,292 units, topping the association's list.

Geely's (HKG:0175) sales were at 158,849 during the period, while Chery Automobile's (HKG:9973) were at 106,900.

Tesla's sales reached 89,091 units during the period.

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