China Auto Market

In the first four weeks of August, China's NEV retail penetration was 39.67 percent, while it was 33.70 percent year-to-date.

In the first three weeks of August, China's NEV penetration at retail stood at 37.06 percent, while it was 33.3 percent year-to-date.

China's passenger NEV retail sales increased 38 percent year-on-year during August 1 to August 13, up 1 percent from the same period last month.

China's passenger NEV retail sales stood at 88,000 units in August 1-6, up 38 percent year-on-year and up 8 percent from the same period last month.

July is traditionally a slow season for the auto market, with hot weather restricting consumers from visiting stores, the CPCA said.

The document lists 10 measures, three of which are directly related to support for the NEV sector, and specifically mentions support for the battery swap model.

In the first two weeks of July, China's NEV penetration at retail stood at 38.9 percent, with year-to-date penetration at 32.8 percent.

In the first week of July, China's NEV penetration at retail stood at 36.5 percent, with year-to-date penetration at 32.55 percent.

Chinese automakers have now crossed the inflection point for global influence, with local brands expected to hold 65 percent of the market share in China by 2030, AlixPartners said.

Retail penetration of NEVs in China was 36.92 percent from June 1 to June 25, and 32.50 percent year-to-date.