New energy vehicles accounted for a record 62.9 percent of China's passenger vehicle sales in May, marking another milestone in the country's transition toward electrification.

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%

New energy vehicles accounted for a record 62.9 percent of China's passenger vehicle sales in May, marking another milestone in the country's transition toward electrification.