Retail sales of new energy vehicles in China reached 520,000 units during the first 18 days of October 2026. This figure represents a 13 percent decrease compared to the same period last year.
The penetration rate for NEVs in the retail market rose to 65.9 percent during this period, up from 61.2 percent recorded in the first 11 days of the month but below the September record of 67 percent.
Wholesale sales of NEVs by manufacturers totaled 655,000 units from October 1 to 18, marking a 5 percent increase year-on-year. Year-to-date wholesale figures reached 12.1 million units, up 9 percent.
Overall passenger car retail sales in China dropped 26 percent year-on-year to 789,000 units for the first 18 days of October. Daily retail sales in the third week fell by 29 percent year-on-year.
