New energy vehicle sales in August are expected to reach 980,000 units, and the penetration rate is expected to increase to 53.2%

According to the China Passenger Car Association, the retail sales of new energy vehicles in August may reach 980,000 units, and the penetration rate is expected to further increase to 53.2%. In July, the retail sales of new energy vehicles were 878,000 units, with a penetration rate of 51.1%. This is the first time that the monthly penetration rate of new energy vehicles has exceeded the 50% mark. In August, the steady development of the plug-in hybrid market and the increase in sales of low-priced pure electric vehicles have led to a continued rise in the new energy vehicle market, showing a strong trend.