Smart and Sustainable Electric Mobility
That's down 44.37 percent from 100,291 vehicles in November and down 21.24 percent from 70,847 vehicles in the same month last year, according to data released today by the CPCA.
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The CPCA did not release preliminary sales figures for NEVs in December. Previous figures showed the CPCA expected the figure to be around 700,000 units.
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Covid led to lower-than-expected retail growth in the Chinese auto market, with traditional ICE vehicles performing worse than expected while NEVs performing better than expected.
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In terms of retail sales, China's NEV penetration rate is expected to be about 31.8 percent in December, lower than the 32.3 percent in November.
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The Model Y sold 52,424 retail units in China in November, more than four times as many as the second-place BMW X3.
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The NIO ET5 was the ninth best-selling premium sedan in China in November, with the ET7 at No. 8.
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At retail, NEVs reached a record 36.3 percent penetration rate in November.
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Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.
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In terms of retail sales, the penetration rate of NEVs in China is expected to be about 32.3 percent in November. This is a new historical record.
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