Cumulative retail sales of passenger NEVs in China so far this year totaled 1.853 million units, up 36 percent year-on-year.
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Category: China Auto Market
The significant increase relative to February 1-9 was largely due to a low base caused by the Chinese New Year holiday early last month.
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China's retail sales of all passenger vehicles in the February 1-23 period were 924,000 units, down 30 percent from the same period last month.
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China's NEV retail sales improved last week, significantly narrowing the month-to-date decline.
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The Chinese New Year holiday from January 28 to February 4 brought disruptions to production and consumption activities.
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Retail sales of all passenger cars in China for the January 1-19 period were 1.05 million units, down 5 percent from a year ago and down 27 percent from a month ago.
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Retail sales of all passenger cars in China for the January 1-19 period were 1.05 million units, down 5 percent from a year ago and down 27 percent from a month ago.
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Retail and wholesale sales of passenger NEVs in China fell sharply in the January 1-12 period compared to the same period last month.
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Deutsche Bank analysts expect the subsidies to drive full-year demand growth of 3 million units in 2025 and support double-digit growth in the second and third quarters.
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Cumulative retail sales of passenger NEVs in China so far this year totaled 10.41 million units, up 43 percent from a year earlier.
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