Category: CPCA Estimates

China's retail penetration of NEVs in November is expected to be around 39.4 percent, up from 37.8 percent in October.

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China's October wholesale sales of passenger NEVs are expected to be 890,000 units, up 32 percent year-on-year and up 7 percent from September, the CPCA said.

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The penetration rate of NEVs at retail in October is expected to be around 37.1 percent, up from 36.9 percent in September.

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In the January-September period, China's passenger NEV wholesale sales were estimated at 5.92 million units, up 36 percent year-on-year, according to the CPCA.

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China's NEV penetration at retail is expected to be around 37.9 percent in September, up from 37.3 percent in August.

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In January-August, China's passenger NEV wholesale sales are estimated at 5.08 million units, up 39 percent year-on-year, according to the CPCA.

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In the first half of the year, wholesale sales of passenger NEVs in China are expected to be 3.53 million units, up 44 percent year-on-year.

China's wholesale sales of passenger new energy vehicles (NEVs) are expected to be 740,000 units in June, up 10 percent from May and up 30 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.

In May, the 12 manufacturers with more than 10,000 NEVs sold at wholesale contributed 82.8 percent of all wholesale sales, the CPCA said.

These companies are expected to sell 611,000 units in June, and the normal structure would put China's June wholesale sales of passenger NEVs at around 740,000 units, the CPCA said.

In the January-June period, China's wholesale sales of passenger NEVs are expected to be 3.53 million units, up 44 percent from a year earlier, according to the report.

In China, NEVs include battery electric vehicles, plug-in hybrids and fuel cell vehicles.

China's passenger NEV market maintained strong growth in June, continuing May's trend with sales reaching an all-time high, the CPCA said.

With the launch of a large number of competitive new products and increased promotions in the second quarter, consumers' enthusiasm for buying was gradually released, the report said.

Manufacturers and dealers are actively carrying out various promotional activities to achieve their semi-annual targets, and coupled with local government subsidies, NEV retail sales continue to improve, the CPCA said.

Passenger vehicle sales in China are expected to be 23.5 million units in 2023, with 8.5 million units of NEVs sold and penetration expected to reach 36 percent, the CPCA said, repeating its previous forecast.

For the full year 2022, China's wholesale sales of passenger NEVs are expected to be 6.5 million units, up 96.3 percent year-on-year.

Here are the CPCA's June NEV wholesale sales figures for major automakers.

Tesla sells record 93,680 China-made vehicles in Jun

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