On the back of the strong growth of NEVs and policies promoting vehicle renewal, China's domestic sales of commercial vehicles in June rose by 17% YoY or 1% MoM to 260,000 units, according to Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA).Specifically, the growth trend of commercial new energy vehicles (NEVs) was favorable, with their penetration rate leaping by 8 ppts to 29% compared to 21% in June last year.Related NewsCiti Sets HSI End-2025/ Mid-2026 Target at 25,000/ 26,000, Urges Overweight in Internet/ Tech/ Consumer Sectors