# Economic Transformation
Latest news and articles about Economic Transformation
Total: 2 articles found
Business
China’s Combustion Era Recedes as Electric Vehicle Penetration Shatters 60% Milestone
China’s NEV penetration surpassed 60% in May 2026, marking a historic decline for internal combustion engines despite a 22.1% drop in total retail sales. The market is currently defined by a sharp divide between booming luxury EV sales and a struggling budget segment, with record-breaking exports serving as a vital buffer for domestic manufacturers.
SoBiz2026年6月9日 07:08
#NEV#China Auto Market#EV Penetration
Business
The Dragon Overtakes the Rising Sun: China Ends Japan’s Quarter-Century Auto Supremacy
In a historic industrial shift, China surpassed Japan in 2025 to become the world's largest automotive power by global sales volume. This transition marks the end of Japan's 25-year reign and highlights the decisive victory of China's long-term strategy to dominate the electric and smart vehicle ecosystem.
SoBiz2026年4月6日 02:58
#Automotive Industry#China#Japan