- From September 1-7, retail sales of all passenger vehicles in China totaled 304,000 units, down 10 percent year-on-year.
- The retail penetration rate of NEVs in China was 59.6 percent from September 1-7, and 51.44 percent year-to-date.
China's new energy vehicle (NEV) retail sales saw a year-on-year decline in the first week of September, as the broader passenger vehicle market showed weakness.
From September 1-7, China's passenger NEV retail sales totaled 181,000 units, down 3 percent year-on-year and down 1 percent month-on-month, according to data released today by the China Passenger Car Association (CPCA).
Year-to-date, China's cumulative passenger NEV retail sales reached 7.75 million units, up 25 percent year-on-year.
Wholesale sales of China's passenger NEVs from September 1-7 totaled 179,000 units, a 5 percent increase year-on-year and a 12 percent rise month-on-month, according to the CPCA.
Year-to-date, China's cumulative passenger NEV wholesale sales reached 9.12 million units, up 33 percent year-on-year.
From September 1-7, China's total passenger vehicle retail sales came in at 304,000 units, down 10 percent year-on-year and down 4 percent month-on-month.
Year-to-date, China's cumulative retail sales of all passenger vehicles were 15.07 million units, up 9 percent year-on-year.
This indicates that China's NEV retail penetration rate stood at 59.6 percent during September 1-7 and 51.44 percent year-to-date.
During the first week of September, September 1-7, China's average daily retail sales of passenger vehicles totaled 43,483 units.
From September 1-7, China's wholesale sales of all passenger vehicles totaled 307,000 units, down 5 percent year-on-year but up 9 percent compared to the same period last month.
During September 1-7, China's average daily wholesale sales of passenger vehicles were 43,908 units.
Year-to-date wholesale sales of passenger vehicles in China reached 18.35 million units, up 13 percent compared to the same period last year.
