- Cumulative passenger NEV retail sales in China this year reached 9.5 million units, a 23 percent increase compared to the same period last year.
- NEV retail penetration in China stood at 56.1 percent from October 1-19 and 52.4 percent year-to-date.
China's new energy vehicle (NEV) retail sales returned to growth so far this month after a rare decline in the first two weeks.
From October 1 to 19, China's passenger NEV retail sales reached 632,000 units, up 5 percent year-on-year and up 2 percent month-on-month, according to data released today by the China Passenger Car Association (CPCA).
For reference, from October 1-12, China's passenger NEV retail sales totaled 367,000 units, down 1 percent year-on-year, primarily due to the impact of the National Day and Mid-Autumn Festival holidays.
Year-to-date, China's cumulative passenger NEV retail sales reached 9.5 million units, up 23 percent year-on-year.
Wholesale sales of China's passenger NEVs from October 1-19 totaled 676,000 units, a 6 percent increase year-on-year and a 5 percent rise month-on-month, according to the CPCA.
Year-to-date, China's cumulative passenger NEV wholesale sales reached 11.12 million units, up 30 percent year-on-year.
From October 1-19, China's total passenger vehicle retail sales reached 1.128 million units, down 6 percent year-on-year but up 7 percent month-on-month.
Year-to-date, China's total passenger vehicle retail sales reached 18.14 million units, an 8 percent increase compared to the same period last year.
This indicates that NEVs' retail penetration rate reached 56.1 percent during October 1-19 and 52.4 percent year-to-date.
During the first week of October, October 1-8, China's daily average passenger vehicle retail sales stood at 43,530 units, down 18 percent year-on-year and down 5 percent month-on-month.
During the second week of October, October 9-12, China's average daily passenger vehicle retail sales reached 84,508 units, a 7 percent year-on-year increase and a 38 percent rise compared to the same period last month.
In the third week of October, October 13-19, China's average daily passenger vehicle retail sales stood at 63,163 units, a 3 percent year-on-year decrease and a 2 percent decline compared to the same period last month.
From October 1-19, China's total passenger vehicle wholesale sales reached 1.155 million units, down 5 percent year-on-year and flat from the same period last month.
From October 1-8, China's average daily wholesale sales of passenger vehicles were 30,065 units, down 21 percent year-on-year and down 36 percent compared to the same period last month.
From October 9-12, China's average daily passenger vehicle wholesale sales were 76,306 units, down 1 percent year-on-year but up 15 percent compared to the same period last month.
From October 13-19, China's average daily passenger vehicle wholesale sales totaled 87,011 units, up 1 percent year-on-year and up 18 percent compared to the same period last month.
Year-to-date wholesale sales of passenger vehicles reached 22 million units, up 12 percent compared to the same period last year.
