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China's fuel vehicle market share fell below one-third for the first time in September, with new energy vehicle penetration rising to 67%.
Xinhua News Agency reported on October 17 that China's fuel vehicle market sales share fell below one-third for the first time in September, with the retail penetration rate of new energy passenger vehicles rising to 67%. Tesla CEO Musk commented on this, stating, "China's dependence on oil is falling fast." Retail sales of fuel vehicles in the same month decreased by 43% year-on-year, with pure fuel vehicles dropping by 49% and conventional hybrid models growing by 25%.
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