Beijing: China’s production and sales of new energy vehicles (NEVs) continued to maintain fast growth in the first eight months of this year, with the NEV market share steadily increasing in the domestic market, Xinhua News Agency reported, citing official data.

From January to August, the production of NEVs reached about 7.01 million units, rising 29 percent year-on-year, data from the China Association of Automobile Manufacturers (CAAM) showed.

The sales of NEVs stood at 7.04 million units, growing by 30.9 percent from a year earlier, the data revealed. The market share of NEVs in China reached 37.5 percent in the period.

In the January-August period, some 818,000 units of NEVs were exported, representing a year-on-year increase of 12.6 percent.

Source: Emirates News Agency