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China NEV Retail at 790,000 in May, up 17% From Apr, Preliminary CPCA Data Show
China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.
Xiaomi Denies as Rumors Swirl That It Plans to Acquire Stake in Evergrande NEV
Earlier today, rumors spread that Xiaomi EV was planning to acquire a 58.5 percent stake in Evergrande NEV in order to use the latter's existing factories to address its capacity issues.
Passenger Federation: Retail sales of 574,000 NEV vehicles increased 27% year-on-year on May 1-26
On May 29, according to data from the Passenger Federation, the NEV market retailed 574,000 vehicles from May 1 to 26, an increase of 27% over the previous year, and an increase of 2% over the same period last month.
CPCA Expects China's May NEV Retail at 770,000, Penetration at Record 46.6%
China's overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said.
China Automobile Dealers Association: From May 13 to May 19, the average daily trading volume of the used car market was 60,300 vehicles, down 5.53% month-on-month
In the third week of May (May 13 to May 19), the average daily trading volume of the used car market was 60,300 vehicles, down 5.53% from last week and 8% from the same period in April.
Hong Kong Stock Announcement Nuggets | Kuaishou-W's adjusted net profit for the first quarter was 4.388 billion yuan, up 10347.6% year-on-year, and e-commerce business GMV reached 288.1 billion yuan
Kuaishou-W (01024) plans to buy back the company's Class B common shares worth no more than HK$16 billion within the next 36 months; Jinshan Software (03888) announced first-quarter results, and shareholders' profit of $285 million increased 48% year over year
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