China car imports fall 11% in H1 as low base cushions decline: A Practical Look
Retail sales of imported cars fell 29% year-on-year to 190,000 units in the first half.
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.
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.
Nio’s retail sales surged 70.5% year-on-year in July, keeping it at No. 8 in China’s NEV market.
BYD continued to dominate China’s NEV export market in July with 173,721 vehicles, while Tesla China exported 66,330 units.
China’s overall passenger vehicle retail sales were 317,000 units on August 1-9, down 22% year-on-year.