GGII, citing compulsory auto insurance registration data, said China new-energy vehicle (NEV) sales were about 5.108 million in 1H 2026, down 10% YoY amid a halving of the purchase-tax exemption and seasonal and market headwinds. Higher average batte

2026-07-27

GGII, citing compulsory auto insurance registration data, said China new-energy vehicle (NEV) sales were about 5.108 million in 1H 2026, down 10% YoY amid a halving of the purchase-tax exemption and seasonal and market headwinds. Higher average battery capacity in NEV commercial vehicles lifted battery installations to about 334.7 GWh in 1H 2026, up 16% YoY.