Understanding china’s NEV fleet climbs to 48.97 million as 2030 target comes into focus
China’s NEV ownership reached 48.97 million by the end of June, accounting for 13.19% of the country’s total car fleet.
China’s NEV ownership reached 48.97 million by the end of June, accounting for 13.19% of the country’s total car fleet.
China’s production of conventional fuel light vehicles fell 56% year on year to 159,000 units in the first 2 weeks of July.
NEV retail penetration reached 63% during July 1-19, with wholesale penetration at 68.1%.
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.
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.