Retail sales of new energy vehicles in China reached 596,000 units during the first 20 days of September, marking a 9% year-on-year decline. Despite this drop, NEVs accounted for 67.9% of all passenger car retail sales, as the broader market faced a steeper 22% decrease in sales over the same period.
Year-to-date retail sales for passenger NEVs totaled 7.27 million units, down 12% compared to the previous year. Meanwhile, wholesale NEV sales by manufacturers reached 740,000 units from September 1 to 20, representing an 8% increase year-on-year and a 25% rise from the previous month.
The overall passenger car market remains under pressure, with total retail sales hitting 878,000 units in the first 20 days of September, a 22% year-on-year decline. Year-to-date retail sales for the entire passenger car segment reached 12.59 million units, reflecting a 21% drop from the previous year.
Data from the China Passenger Car Association shows that daily retail sales of NEVs fluctuated throughout the month, averaging 35,050 in the first week, 43,515 in the second, and 51,824 in the third. Wholesale figures for the same periods showed daily averages of 34,532, 49,025, and 64,398 units respectively.
Production of light vehicles powered by internal combustion engines fell 52% year-on-year to 330,000 units in the first three weeks of September. Combined production of conventional and plug-in hybrids reached 265,000 units, down 23% from the same period last year.
