China’s retail penetration of NEVs was 52.2 percent in October 1-27, and 46.46 percent year-to-date.
China’s retail sales of new energy vehicles (NEVs) declined last week, resulting in a weaker month-to-date performance than last month.
In October 1-27, China’s passenger NEV retail sales were 946,000 units, up 49 percent from the same period last year, but down 1 percent from the same period last month, according to data released today by the China Passenger Car Association (CPCA).
For reference, in October 1-20, retail sales of passenger NEVs in China amounted to 609,000 units, up 45 percent from the same period last year and up 1 percent from the same period last month.
So far this year, the cumulative retail sales of China’s passenger NEVs amounted to 8.08 million units, up 39 percent year-on-year.
Wholesale sales of China’s passenger NEVs from October 1-27 were 1.047 million units, up 45 percent from the same period last year and up 2 percent from the same period last month, according to the CPCA.
So far this year, China’s cumulative wholesale sales of passenger NEVs were 8.96 million units, up 35 percent from a year earlier.
From October 1-27, China’s retail sales of all passenger vehicles were 1.81 million units, up 9 percent compared with the same period last year and up 2 percent from the same period last month.
So far this year, cumulative retail sales of all passenger vehicles in China totaled 17.39 million units, up 3 percent year-on-year.
This means that China’s NEV penetration at retail stood at 52.2 percent from October 1-27 and 46.46 percent year-to-date.
In the first week of October — October 1-7, which was covered by the National Day holiday — China’s average daily passenger car retail sales were 49,668, down 5 percent year-on-year but up 2 percent from the same period last month.
In the second week of October — October 8-13 — average daily retail sales of passenger cars in China were 79,225, up 48 percent year-on-year and up 31 percent from the same period last month.
In the third week of October — October 14-20 — average daily retail sales of passenger cars in China were 62,954, up 9 percent year-on-year and up 4 percent from a month earlier. The figure was revised down from 69,954 released last week.
In the fourth week of October — October 21-27 — average daily retail sales of passenger cars in China were 78,280, down 5 percent year-on-year and down 17 percent from a month earlier.
In the October 1-27 period, China’s wholesale sales of all passenger cars were 1.978 million units, up 4 percent year-on-year but down 5 percent from the same period last month.
During October 1-7, average daily wholesale sales of passenger cars in China were 32,664 units, down 14 percent year-on-year and down 29 percent from the same period last month.
During October 8-13, average daily wholesale sales of passenger cars in China were 76,712, up 40 percent year-on-year and up 15 percent from the same period last month.
During October 14-20, average daily wholesale sales of passenger cars in China were 88,144, up 31 percent year-on-year and up 23 percent from the same period a month earlier. The figure was downwardly revised from 92,430 released last week.
During October 21-27, average daily wholesale sales of passenger cars in China were 96,066, down 191 percent year-on-year and down 21 percent from a month earlier.
Cumulative year-to-date wholesale sales of passenger cars in China totaled 20.42 million units, up 4 percent year-on-year.
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