CPCA Estimates

China's NEV retail penetration is set to exceed 50 percent for the second consecutive month and reach a new record high of 53.2 percent.

July was traditionally a slow production season, while a lack of demand and extreme weather in some regions led to overall weakness in the…

China's passenger car retail sales fell in July from June, but the NEV market was bolstered by fast-growing sales of hybrid models, the CPCA said.

In June, price wars in China's auto market cooled down, spurring consumer sentiment among groups that had been on the sidelines, the CPCA said.

China's June retail sales of NEVs are set to be the second highest on record, further approaching last December's record high.

In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the…

China's overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said.

Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum…

Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.

Both production and sales of passenger vehicles increased significantly in March from February as industries quickly turned to normal…