Smart and Sustainable Electric Mobility
China's auto market saw seasonal weakness in February as the 2024 Lunar New Year holiday fell in mid-February, the CPCA noted.
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China's January wholesale sales of passenger NEVs are expected to be 700,000 units, up 80 percent year-on-year, but down 37 percent from December, the CPCA said.
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China's passenger car retail sales are estimated to be around 2.2 million units in January, down 6.5 percent from December.
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Preliminary estimates show that for the full year 2023, China's wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA.
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China's NEV penetration at retail is expected to be around 41.4 percent in December, up from 40.4 percent in November.
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China's November wholesale sales of passenger NEVs are estimated at 940,000 units, up 29 percent year-on-year and up 6 percent from October, the CPCA said.
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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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