Sales of New Energy Vehicles (NEVs) in China increased by 37 percent in July compared to the same month last year, reaching a record share of 50.7 percent of car sales. This is according to new data from the China Passenger Car Association. However, overall car sales in the Chinese market decreased by 3.1 percent, continuing the decline for the fourth consecutive month. One of the reasons for the weak consumer confidence is the ongoing crisis in the property sector.