China's passenger NEV retail sales stood at 596,000 units in January 1-28, up 92 percent from a year earlier but down 24 percent from a month earlier, data from the CPCA showed.

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China's new energy vehicle (NEV) sales were weak in the first four weeks of January and don't appear to be improving towards the end of the month.

From January 1-28, China's passenger NEV retail sales stood at 596,000 units, up 92 percent from the same period last year, but down 24 percent from the same period last month, according to data released today by the China Passenger Car Association (CPCA).

Wholesale sales of China's passenger NEVs during the period were 567,000 units, up 76 percent from the same period last year, but down 38 percent from the same period in December, according to the CPCA.

Data released by the CPCA last week showed that retail sales of China's passenger NEVs during January 1-21 were 21 percent lower than the same period in December, and wholesale sales were 34 percent lower.

Today's figures imply that Chinese passenger NEVs performed worse last week.

For the January 1-28 period, retail sales of all passenger cars in China were 1.708 million units, up 64 percent from a year ago while down 15 percent from the same period last month.

This means that on January 1-28, China's NEV penetration at retail was 34.89 percent.

In the first week of January -- January 1-7, average daily retail sales of passenger cars in China were 54,012, up 21 percent year-on-year and up 14 percent from the same period in December.

In the second week of January -- January 8-14, average daily retail sales of passenger cars in China were 58,513, up 15 percent year-on-year and unchanged from the same period in December.

In the third week of January -- January 15-21, average daily retail sales of passenger cars in China were 62,827, up 155 percent year-on-year and 18 percent lower than in December.

In the fourth week of January -- January 22-28, average daily retail sales of passenger cars in China were 68,599, up 136 percent year-on-year and 34 percent lower than in December.

In the January 1-28 period, China's wholesale sales of all passenger cars were 1.577 million units, up 52 percent from the same period last year, but 28 percent lower than the same period last month, the CPCA said.

In the January 1-7 period, China's average daily wholesale passenger car sales were 47,018 units, up 14 percent from a year earlier and up 3 percent from a month earlier.

From January 8-14, China's average daily wholesale passenger car sales were 55,184 units, up 8 percent from a year earlier while down 9 percent from a month earlier.

From January 15-21, China's average daily wholesale passenger car sales were 56,424 units, up 138 percent from a year ago but down 26 percent from a month ago.

From January 1-28, China's average daily wholesale passenger car sales were 66,663 units, up 83 percent from a year ago while down 49 percent from a month ago.

China EV insurance registrations for week ending Jan 28: Nio 3,300, Xpeng 2,200, Li Auto 8,500, Tesla 12,800

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