CPCA Estimates

Preliminary estimates show that for the full year 2023, China's wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA.

China's NEV penetration at retail is expected to be around 41.4 percent in December, up from 40.4 percent in November.

China's November wholesale sales of passenger NEVs are estimated at 940,000 units, up 29 percent year-on-year and up 6 percent from October, the CPCA said.

China's retail penetration of NEVs in November is expected to be around 39.4 percent, up from 37.8 percent in October.

China's October wholesale sales of passenger NEVs are expected to be 890,000 units, up 32 percent year-on-year and up 7 percent from September, the CPCA said.

The penetration rate of NEVs at retail in October is expected to be around 37.1 percent, up from 36.9 percent in September.

In the January-September period, China's passenger NEV wholesale sales were estimated at 5.92 million units, up 36 percent year-on-year, according to the CPCA.

China's NEV penetration at retail is expected to be around 37.9 percent in September, up from 37.3 percent in August.

In January-August, China's passenger NEV wholesale sales are estimated at 5.08 million units, up 39 percent year-on-year, according to the CPCA.

China's NEV penetration at retail is expected to be around 37.8 percent in August, up from 36.1 percent in July.