China Auto Market

China's 2025 NEV sales expected to reach 16 million units, said CAAM deputy secretary-general.

China's NEV retail penetration rate stood at 61.3 percent during November 1-23, and 53.28 percent year-to-date.

From November 1-16, China's total passenger vehicle retail sales stood at 886,000 units, down 14 percent compared to the same period last year.

China plans to require passenger vehicles to default to a state where acceleration from 0 to 100 km/h takes less than five seconds upon each startup.

From November 1-9, China's total passenger vehicle retail sales came in at 415,000 units, down 19 percent year-on-year.

Year-to-date, China's passenger NEV cumulative retail sales came in at 9.77 million units, up 22 percent year-on-year.

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.

This marks a rare year-on-year decline in China's NEV retail sales, partly due to the impact of a "golden week" holiday.

In the September 1-27 period, China's total passenger vehicle retail sales reached 1.776 million units, flat compared to the same period last year.

In the September 1-21 period, China's total passenger vehicle retail sales amounted to 1.191 million units, up 1 percent from the same period last year.