China’s highway NEV charging demand climbs over 50% during National Day holiday
NEVs used 163 million kWh of electricity at highway charging facilities across China from October 1 to 7, averaging 23.26 million kWh a day.
NEVs used 163 million kWh of electricity at highway charging facilities across China from October 1 to 7, averaging 23.26 million kWh a day.
Strong exports supported wholesale growth, while domestic retail sales remained under pressure.
A sales surge in the final 3 days narrowed the year-on-year decline in NEV retail sales from 20% in the first 27 days.
China’s NEV retail sales totaled 1.084 million in September, down 16.7% year-on-year for a ninth consecutive monthly decline.
China’s NEV sales rose 13.6% year-on-year to 1.823 million in September, with BEV sales reaching a record 1.277 million.
Tesla’s share rose to 6.0%, while Li Auto and Nio dropped out of the top 10 in NEV retail sales.
BYD exported 174,277 NEVs in September, down 5.2% from August, with its share falling 4.3 percentage points.
NEV retail penetration in October 1-11 was below September’s 67.0%, while wholesale penetration rose to 78.1%.
China’s passenger NEV retail sales totaled 614,000 in August 1-23, with retail penetration rising to 64.3%.
Leapmotor and Zeekr continued to set records, while Xpeng and Li Auto returned to sequential growth.