China NEV retail sales fall 12% in first 23 days of August as decline narrows
China’s passenger NEV retail sales totaled 614,000 in August 1-23, with retail penetration rising to 64.3%.
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.
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.
BYD exported 183,746 NEVs in August, with its share rising 3.2 percentage points from July.
NEVs accounted for 75.1% of passenger vehicle wholesale sales during September 1-6.
China’s BEV sales rose 27.8% in August, while PHEV sales fell 0.9%.
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%.