China’s July NEV retail sales fall 2% to 970,000, preliminary CPCA data shows You Should Know
NEV retail penetration rose to a record high of 64.4% as sales decline narrows.
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.
China’s overall passenger vehicle retail sales were 317,000 units on August 1-9, down 22% year-on-year.
NEV retail sales totaled 399,000 units from August 1-16, with retail penetration at 63.6%.
China’s passenger NEV retail sales are expected to rise about 9.4% from July, with retail penetration reaching 65.8%.
China’s passenger NEV retail sales totaled 614,000 in August 1-23, with retail penetration rising to 64.3%.