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.
China's passenger new energy vehicle (NEV) wholesale sales are forecast at 800,000 units in August, up 9 percent from July and up 27 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.
In July, 15 manufacturers with wholesale sales of more than 10,000 units of NEVs contributed 88.1 percent of all wholesale sales, the CPCA said.
The estimated sales of these automakers in August were 700,000 units, and according to the normal structure, China's August wholesale sales of passenger NEVs will be around 800,000 units, the CPCA said.
In the January-August period, China's passenger NEV wholesale sales are estimated at 5.08 million units, up 39 percent year-on-year, according to the report.
In China, NEVs include battery electric vehicles, plug-in hybrids and fuel cell vehicles.
Growth in China's passenger car market slowed in August this year, mainly due to last year's high base, the CPCA said.
The passenger car market has been in a slow season since July, but with the launch of a large number of competitive new products and increased promotions, consumer buying enthusiasm has continued to increase, the report said.
China's passenger car sales are expected to be 23.5 million units in 2023, of which 8.5 million will be NEVs, with the penetration rate of NEVs expected to reach 36 percent, the CPCA said, repeating its previous forecast.
Here are the wholesale sales of NEVs by major automakers in August, as announced by the CPCA.
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