China’s September NEV wholesale sales estimated at 2026 high of 1.67 million, CPCA says
Strong exports supported wholesale growth, while domestic retail sales remained under pressure.
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.
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%.
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.