CPCA Estimates
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CPCA expects China to see 520,000 retail sales of passenger NEVs in Aug, up 7% from July
In early August, some NEV prices rose again, but consumer enthusiasm was not significantly affected, the CPCA said.
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CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months
The CPCA has raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, with the possibility of further increases in the fourth quarter.
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China's July retail sales of NEVs expected to be around 450,000 units, CPCA says
EV makers including Nio, Tesla and GAC Aion have further increased capacity and are expected to see increased production in the second half of the year, the CPCA said.
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China's passenger car retail sales expected to fall 19% year-on-year in May, CPCA says
Although some companies in Shanghai and surrounding cities are starting to resume production, it will be difficult to return to normal levels by the end of May, the CPCA said.
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Covid's impact on China's auto industry expected to continue into May and result in 20-40% production loss, CPCA says
In the first two weeks of April, Chinese passenger vehicle wholesale sales averaged 24,000 units per day, down 44 percent year-on-year and down 48 percent from the average for the first two weeks of March.
