China’s auto market weakened further in May, with rising oil prices denting demand for gasoline-powered cars and helping electric and plug-in hybrid vehicles capture a record share of new car sales.

China’s auto market weakened further in May, with rising oil prices denting demand for gasoline-powered cars and helping electric and plug-in hybrid vehicles capture a record…

High oil prices have hit sales of internal-combustion-engine vehicles, driving NEVs to a record 62.9% market share in May, even as overall passenger-vehicle sales fell 22.1%