China Auto Market

From December 1 to 28, China's overall passenger vehicle retail sales totaled 1.928 million units, down 17 percent year-on-year.

Analysts predict budget automakers like Leapmotor, BYD, and Geely will face the greatest impact.

From December 1 to 21, China's overall passenger vehicle retail sales totaled 1.3 million units, down 19 percent year-on-year.

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.

The guidelines outline pricing conduct standards for car manufacturers, clarifying pricing strategy and sales behavior compliance requirements.

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

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.