China's NEV retail sales dropped 12 percent in September 2026, while wholesale volumes hit a yearly high of 1.672 million units, according to preliminary CPCA data.
China's wholesale new energy vehicle sales reached an estimated 1.67 million units in September 2026, marking the highest monthly volume of the year, according to the CPCA.
The CPCA expects China's September NEV retail sales to hit 1.11 million units, with market penetration reaching a record 65.7% despite a broader decline in the automotive sector.
Passenger NEV retail sales in China reached 362,000 units in early September, while market penetration climbed to 70.3% amid declining gasoline vehicle demand.
Passenger car retail sales in China grew by 5.5% in August 2026, driven by policy expectations and industry events despite rising fuel costs.
Retail sales of fuel-powered cars in China plummeted by 40% in August as new energy vehicles captured a record 65.2% market share.
