EV Industry

China's overall passenger car retail sales in December are projected to come in at about 2.3 million units, marking a year-on-year decline of 12.7 percent.

From December 1 to 14, China's overall passenger vehicle retail sales totaled 764,000 units, a 24 percent decrease compared to the same period last year.

Nio Capital is one of Aulton's major shareholders, holding a 5.53 percent stake.

China's NEV exports surged 260 percent year-on-year in November to a record 300,000 units.

This marks a rare year-end decline in NEV sales over recent years, as support policies are scaled back.

BEV retail sales reached a record high in November, while hybrid models saw their fifth consecutive month of year-on-year decline.

Major EV makers have seen consecutive days of declines as year-end vehicle deliveries prove weaker than previous years amid tapering stimulus policies.

China's November NEV retail sales saw a modest increase, indicating year-end performance was not as robust as in previous years as trade-in subsidies phase out.

The CPCA said that trade-in subsidies adjustments in most Chinese provinces intensified consumer wait-and-see sentiment, impacting the auto market.

The next Guangzhou auto show will be held from November 27 to December 6, 2026.