Wholesale sales of new energy passenger vehicles in China reached 355,000 units in September, the second month in a row to exceed 300,000 units.
China's retail sales of new energy passenger vehicles reached 334,000 units in September, the first time they exceeded the 300,000-unit threshold, according to data released Tuesday by the China Passenger Car Association (CPCA).
(Graphic by CnEVPost)
This represents an increase of 202.1 percent year-on-year, or 33.2 percent from August.
Retail sales of new energy vehicles in China from January to September reached 1.818 million units, up 203.1 percent year-on-year, the data showed.
New energy passenger vehicle sales are strongly differentiated from the sales performance of traditional fuel vehicles, achieving substitution in the fuel vehicle market and pulling the car market towards a new energy transformation, the CPCA said.
Wholesale sales of new energy passenger vehicles in China reached 355,000 units in September, the second consecutive month of more than 300,000 units, up 184.4 percent year-on-year and 14.7 percent from August.
(Graphic by CnEVPost)
Wholesale sales of pure electric vehicles in September were 298,000 units, up 192.4 percent year-on-year, while sales of plug-in hybrids were 57,000 units, up 149.0 percent year-on-year.
Wholesale sales of A00-class EVs were 90,000 in September, accounting for 30 percent of all pure electric models. The share of A-class EVs was 24 percent, remaining relatively stable. Wholesale sales of B-class EVs reached 86,000 units, up 29 percent from August, with a 29 percent share.
Wholesale sales of new energy passenger vehicles in China from January to September were 2.023 million units, up 218.9 percent year-on-year.
Retail penetration rate of NEVs reached 21.1 percent
Retail penetration of new energy vehicles in China reached 21.1 percent in September, bringing the figure to 12.6 percent from January to September, up from 5.8 percent in 2020, the CPCA's data shows.
The penetration rate of new energy vehicles among local brands reached 36.1 percent in September. The rate of new energy vehicles among luxury cars was 29.2 percent. In comparison, the penetration rate of new energy vehicles among mainstream joint venture brands was only 3.5 percent.
China's new energy vehicle wholesale penetration rate was 20.4 percent in September, compared to 13.7 percent in January-September, up from 5.8 percent in 2020.
In September, the penetration rate of new energy vehicles in wholesale sales among local brands was 33 percent, in luxury vehicles the ratio was 30.5 percent, and only 3.0 percent among mainstream joint venture brands.
China's new energy vehicle exports of 14,800 units in September showed a stable end-of-quarter trend, the CPCA said.
Companies exporting more than 1,000 units included Dongfeng with 5,164, SAIC Passenger Cars with 4,560 and Tesla China with 3,853.
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