China's NEV penetration at retail is expected to be 53.3 percent in November, up from 52.9 percent in October.
China's retail sales of new energy vehicles (NEVs) are expected to reach another record high this month, as the year-end peak season continues.
In November, retail sales of passenger NEVs in China are estimated at 1.28 million units, up 52 percent year-on-year and up 7 percent compared to October, according to estimates released today by the China Passenger Car Association (CPCA).
This means that monthly retail sales of NEVs in China are expected to exceed 1 million units for the fourth consecutive month this month.
China's NEV penetration at retail in November is expected to be 53.3 percent, according to the CPCA. This is up from 52.9 percent in October.
CPCA is expected to release preliminary figures for November NEV sales early next month and final figures in the middle of next month.
Latest survey shows that major automakers, which contribute about 80 percent of passenger car sales, are targeting a retail sales increase of about 6.5 percent in November from October, the CPCA said.
According to preliminary projections, November passenger car retail sales are expected to be around 2.4 million units, up 15.4 percent year-on-year and up 6.1 percent from the previous month, according to the CPCA.
Major automakers averaged daily passenger car retail sales of 56,700 units in the first week of November, up 29.3 percent year-on-year but down 3.1 percent from the same period last month.
Their average daily retail sales in the second week were 77,100 units, up 31.3 percent year-on-year and up 10.2 percent from the same week last month.
Average daily retail sales in the third week were 81,400 units, up 35.4 percent year-on-year and up 13.5 percent from the same week last month.
Average daily retail sales for the fourth week are expected to be 120,600 units, down 10.6 percent year-on-year but up 23.7 percent from the same week last month.
China NEV retail at 581,000 in Nov 1-17, up 7% from same period last month
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