- Year-to-date, China's passenger NEV cumulative retail sales came in at 9.77 million units, up 22 percent year-on-year.
- The retail penetration rate of NEVs in China was 55.9 percent from October 1-26, and 52.5 percent year-to-date.
China's new energy vehicle (NEV) retail sales for the first 26 days of October remained flat year-on-year as industry growth slowed.
Passenger NEV retail sales in China totaled 901,000 units in the October 1-26 period, flat from the same period last year while down 8 percent month-on-month, according to data released today by the China Passenger Car Association (CPCA).
For reference, from October 1-19, China's passenger NEV retail sales were 632,000 units, up 5 percent year-on-year and up 2 percent month-on-month.
Year-to-date, China's cumulative passenger NEV retail sales stood at 9.77 million units, marking a 22 percent increase compared to the same period last year.
Wholesale sales of China's passenger NEVs from October 1-26 reached 1.034 million units, up 4 percent year-on-year but down 5 percent month-on-month, according to the CPCA.
Year-to-date wholesale sales of China's passenger NEVs have reached 11.48 million units, a 29 percent increase compared to the same period last year.
From October 1-26, China's total passenger vehicle retail sales were 1.613 million units, down 7 percent year-on-year and down 4 percent month-on-month.
Year-to-date, China's total passenger vehicle retail sales were 18.62 million units, an 8 percent increase compared to the same period last year.
This indicates that the retail penetration rate of NEVs in China was 55.9 percent from October 1-26 and 52.5 percent year-to-date.
During the first week of October, October 1-8, China's daily average passenger vehicle retail sales were 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 were 84,508 units, up 7 percent year-on-year and up 38 percent 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, down 3 percent year-on-year and down 2 percent compared to the same period last month.
During the fourth week of October, October 20-26, China's average daily passenger vehicle retail sales were 69,271 units, down 9 percent year-on-year and down 22 percent compared to the same period last month.
From October 1-26, China's total passenger vehicle wholesale sales amounted to 1.871 million units, down 1 percent year-on-year and down 5 percent compared to 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 wholesale sales of passenger vehicles 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 daily average wholesale sales of passenger vehicles reached 87,011 units, marking a 1 percent year-on-year increase and an 18 percent rise compared to the same period last month.
From October 20-26, China's daily average wholesale sales of passenger vehicles were 102,317 units, reflecting an 8 percent year-on-year increase but a 12 percent decrease compared to the same period last month.
Year-to-date wholesale sales of passenger vehicles in China reached 22.72 million units, up 12 percent compared to the same period last year.
