CPCA sees China August NEV retail sales at about 1.04 million, penetration may hit record — Explained
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 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%.
China’s wholesale sales of passenger NEVs are expected to rise 16% year-on-year to 1.51 million units in August.
NEV retail penetration rose to a record 65.7%.
China’s NEV retail sales fell 10.1% year-on-year to 1.005 million in August, marking the eighth consecutive month of decline.
BYD exported 183,746 NEVs in August, with its share rising 3.2 percentage points from July.
Tesla returned to sixth place with a 5.0% share, while Leapmotor retained third place and posted the fastest year-on-year growth among the top 10.
NEVs accounted for 75.1% of passenger vehicle wholesale sales during September 1-6.
China’s passenger NEV retail sales totaled 362,000 in September 1-13, up 16% from the same period last month but down 10% from a year earlier.
Passenger NEV retail sales are expected to rise about 10.5% in September from August, with their share of total passenger car sales reaching 65.7%.