New Energy Vehicle includes pure Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV) and Fuel Cell Electric Vehicles (FCEV). PHEV does have a combustion engine that is used to charge the battery in order to extend range, but it does not power the axle.BYD dominated PHEV with 62% share in 2022, and leads the…
Q1 2023 New Energy Vehicle Sales in China: BYD and Tesla
