What to Know About cPCA forecasts China’s July NEV retail to dip slightly to about 980,000 amid seasonal slowdown
NEV retail penetration is expected to reach about 64.5% in July, rising further from June.
NEV retail penetration is expected to reach about 64.5% in July, rising further from June.
Retail sales of imported cars fell 29% year-on-year to 190,000 units in the first half.
Li Auto rose 11%, Nio about 5%, while Xpeng and BYD gained more than 4.6%.
China’s NEV retail penetration rose to 65.7% in July 1-26, while wholesale penetration reached 70%.
Nio, Xpeng and Li Auto all posted sequential declines, while Leapmotor and Zeekr reached new highs.
CPCA estimates China’s July NEV wholesales at about 1.47 million units, with year-on-year growth hitting its highest level so far in 2026.
NEV retail penetration rose to a record high of 64.4% as sales decline narrows.
China’s NEV retail penetration rose to a record 65.1% in July as demand for gasoline-powered vehicles continued to collapse.
NEV sales were 1,561,000 units in July, accounting for 60.4% of total new vehicle sales, topping 60% for the first time, according to CAAM data.
The 2026 Chengdu Auto Show will cover 220,000 square meters, making it China’s first A-level show of the second half of the year.