China's NEV penetration at retail is expected to be around 37.9 percent in September, up from 37.3 percent in August.
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In January-August, China's passenger NEV wholesale sales are estimated at 5.08 million units, up 39 percent year-on-year, according to the CPCA.
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China's NEV penetration at retail is expected to be around 37.8 percent in August, up from 36.1 percent in July.
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The penetration rate of NEVs at retail in July is expected to be around 35.8 percent, up from 35.1 percent in June.
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In the first half of the year, wholesale sales of passenger NEVs in China are expected to be 3.53 million units, up 44 percent year-on-year.
China's wholesale sales of passenger new energy vehicles (NEVs) are expected to be 740,000 units in June, up 10 percent from May and up 30 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.
In May, the 12 manufacturers with more than 10,000 NEVs sold at wholesale contributed 82.8 percent of all wholesale sales, the CPCA said.
These companies are expected to sell 611,000 units in June, and the normal structure would put China's June wholesale sales of passenger NEVs at around 740,000 units, the CPCA said.
In the January-June period, China's wholesale sales of passenger NEVs are expected to be 3.53 million units, up 44 percent from a year earlier, according to the report.
In China, NEVs include battery electric vehicles, plug-in hybrids and fuel cell vehicles.
China's passenger NEV market maintained strong growth in June, continuing May's trend with sales reaching an all-time high, the CPCA said.
With the launch of a large number of competitive new products and increased promotions in the second quarter, consumers' enthusiasm for buying was gradually released, the report said.
Manufacturers and dealers are actively carrying out various promotional activities to achieve their semi-annual targets, and coupled with local government subsidies, NEV retail sales continue to improve, the CPCA said.
Passenger vehicle sales in China are expected to be 23.5 million units in 2023, with 8.5 million units of NEVs sold and penetration expected to reach 36 percent, the CPCA said, repeating its previous forecast.
For the full year 2022, China's wholesale sales of passenger NEVs are expected to be 6.5 million units, up 96.3 percent year-on-year.
Here are the CPCA's June NEV wholesale sales figures for major automakers.
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This means that the penetration of NEVs at retail is expected to be 36.6 percent in June, up from 33.3 percent in May.
Passenger vehicle sales in China are expected to decline this month compared to a year ago, but the performance of new energy vehicles (NEVs) remains strong.
In June, retail sales of NEVs in China are expected to be around 670,000 units, up 26 percent year-on-year and up 15.5 percent from May, according to estimates released today by the China Passenger Car Association (CPCA).
Survey shows that automakers that contribute about 80 percent of passenger car sales are targeting retail sales growth of about 5 percent in June compared with May, the CPCA said.
According to preliminary projections, passenger vehicle sales in China were about 1.83 million units in June, up 5 percent from May but down 5.9 percent from a year earlier, the CPCA said.
The year-on-year decline was due to a high base in June last year, when China's auto market was recovering from the shock of Covid, according to the CPCA.
The CPCA had forecast several times this month that June passenger car sales would be lower than a year ago, one reason being China's halving of purchase taxes on mainstream internal combustion engine vehicles that began last June.
Today's latest estimate implies that NEVs had a penetration rate of about 36.6 percent at retail in June, up from 33.3 percent in May.
Auto market demand dropped slightly in early June, but the market warmed up with the start of the June 18 shopping spree, the release of local government subsidies and the Dragon Boat Festival, the CPCA said.
The overall discount rate in China's passenger car market was about 17.8 percent in mid-June, expanding 0.6 percent from the end of May, according to the CPCA.
Major carmakers averaged 31,100 daily retail sales in the first week of June, down 42 percent from the same period in May, mainly due to a high base of vehicle sales during last month's Labor Day holiday, the CPCA said.
Their average daily retail sales in the second week of June were 42,900 units, down 14 percent from the second week of May.
As promotions kicked off in mid-June, the car market picked up in the third week, with average daily retail sales of 57,500 units, up 21 percent from the same week in May.
In the fourth week, with the arrival of the Dragon Boat Festival holiday, average daily retail sales are expected to be 62,000 units, an increase of 26 percent over the same period in May.
In week five, average daily retail is expected to be 113,700 units, up 32 percent from the same period in May, due to the pulse of the quarter-end sales, according to the CPCA.
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From January to May, China's wholesale sales of passenger NEVs are expected to be 2.78 million units, up 46 percent year-on-year, the CPCA said.
China's wholesale sales of passenger new energy vehicles (NEVs) are expected to be 670,000 units in May, up 11 percent from April and up 59 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.
In April, the 11 manufacturers with more than 10,000 wholesale sales of NEVs contributed 81.1 percent of all wholesale sales, the CPCA said.
These companies are expected to sell 542,000 units in May, and the normal structure would put China's wholesale sales of passenger NEVs in May at around 650,000 units, the CPCA said.
The CPCA gave a higher estimated figure of 670,000 wholesale sales as the development of China's NEV industry continues to consolidate this year, the report said.
In the January-May period, China's wholesale sales of passenger NEVs are expected to be 2.78 million units, up 46 percent year-on-year, according to the report.
NEVs include battery electric vehicles (BEVs), plug-in hybrids (PHEVs), and fuel cell vehicles.
China's new energy passenger vehicle market returned to stronger growth in May, with sales hitting a new high this year, the CPCA said.
As a result of last year's low base and the recent continued strength of China's passenger NEV exports, vehicle companies in the core regions of the NEV industry chain, including Shanghai, performed well, the CPCA said.
Passenger vehicle sales in China are expected to be 23.5 million units in 2023, including 8.5 million NEVs, and penetration is expected to reach 36 percent, the CPCA said, repeating its previous forecast.
In 2022, wholesale sales of passenger NEVs in China were 6.5 million units, up 96.3 percent year-on-year.
Here are the wholesale NEV sales of major automakers in May, as published by the CPCA.
Tesla sells 77,695 China-made vehicles in May, up 2.44% from Apr
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Passenger vehicle sales in China are expected to be around 1.73 million units in May, up 27.7 percent year-on-year and up 6.6 percent from April, the CPCA said.
In May, retail sales of new energy vehicles (NEVs) in China are expected to be around 580,000 units, up 60.9 percent year-on-year and up 10.5 percent from April, according to estimates released today by the China Passenger Car Association (CPCA).
Survey shows that major automakers, which contribute about 80 percent of passenger car sales, are targeting retail sales growth of more than 5 percent in May compared to April and an improvement of more than 20 percent year-on-year, the CPCA said.
According to preliminary projections, Chinese passenger car sales in May were around 1.73 million units, up 27.7 percent year-on-year and up 6.6 percent from April, the CPCA said.
That means the penetration rate of NEVs at retail in May was about 33.5 percent.
During the Labor Day holiday, many cities held auto shows, giving the auto market a high level of attention, the CPCA said. This year, China's Labor Day holiday ran from April 29 to May 3.
The incentives offered by car companies, coupled with local government policies to promote consumption, allowed the Chinese auto market to see a good start in May, with market sentiment and transactions significantly better than the same period in previous years, the CPCA said.
However, as some consumer demand was released at the beginning of the month, the market enthusiasm dropped back significantly as traffic and orders at sales stores turned light after the holidays, the CPCA noted.
Average daily retail sales for major vehicle companies in the first week of May were 53,600, up 46 percent from the previous week and up 67 percent year-on-year.
Average daily retail sales for the second week were 47,300, up 5 percent from the previous week and up 44 percent year-on-year.
Average daily retail sales in the third week are expected to be 53,000, and in weeks four and five the figure is expected to be 72,500, the CPCA said.
In mid-May, the overall discount rate in China's passenger car market was about 16.9 percent, largely unchanged from the previous month, with prices at sales outlets stabilizing, according to the CPCA.
CPCA weekly data: NEV retail sales for 1st 2 weeks of May at 217,000
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China's auto industry price war faded in April, easing consumer wait-and-see sentiment and releasing suppressed demand, the CPCA said.
China's wholesale sales of new energy passenger vehicles are expected to be 600,000 units in April, basically unchanged from March and up 114 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.
In March, the 11 manufacturers with more than 10,000 wholesale sales of new energy vehicles (NEVs) contributed 80.7 percent of all wholesale sales, the CPCA said.
These companies are expected to sell 482,000 units in April, and the normal structure would put China's wholesale sales of new energy passenger vehicles in April at around 600,000 units, the CPCA said.
In January-April, China's wholesale sales of new energy passenger vehicles are estimated at 2.1 million units, up 43 percent year-on-year, according to the report.
The CPCA said the overall auto market continued the trend seen in late March as the price war in China's auto industry receded in April, easing consumer wait-and-see sentiment and releasing previously suppressed demand.
Due to the low base of last year and the recent continued strength of China's new energy passenger vehicle exports, car companies in the core regions of the NEV industry chain, including Shanghai, performed well, the CPCA said.
Passenger vehicle sales in China are expected to be 23.5 million units in 2023, including 8.5 million NEVs, and NEV penetration is expected to reach 36 percent, the CPCA said, repeating its previous forecast.
China's new energy passenger vehicle sales were 6.5 million units in 2022, up 94 percent year-on-year, the CPCA noted.
Here are the CPCA's wholesale NEV sales for major car companies in April.
Tesla sells 75,842 China-made vehicles in Apr, CPCA data show
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April passenger vehicle sales in China are expected to be around 1.57 million units, down 1.3 percent from March, the CPCA said.
China's new energy vehicle (NEV) sales rose significantly this month from a year ago, though they were down from March.
In April, retail sales of NEVs in China are expected to be around 500,000 units, up 77 percent from a year earlier but down 8.4 percent from March, according to estimates released today by the China Passenger Car Association (CPCA).
Survey shows that car companies, which contribute about 80 percent of passenger car sales, are targeting slightly lower retail sales in April than in March, the CPCA said.
According to preliminary projections, China's passenger vehicle sales in April were about 1.57 million units, up 49.8 percent from a year earlier but down 1.3 percent from March, the CPCA said.
That means the penetration of NEVs at retail in April would be 31.8 percent.
Last April, China's auto industry suffered disruption due to the Covid lockdown in Shanghai, with 1.04 million units of all passenger vehicles sold that month, including just 280,000 NEVs.
In the first quarter of this year, China's NEV sales continued to recover, with 545,739 units sold in March, according to the CPCA's final figures released last week. This is slightly higher than the 543,000 units announced by the CPCA on April 11.
In April, the price war in China's auto industry gradually receded and consumers returned to rational consumption, easing the wait-and-see sentiment, the CPCA said in the report today.
The average daily retail sales of major automakers in the first three weeks were 31,500, 36,700 and 54,800, up 8 percent, 23 percent and 26 percent, respectively, from the same period in March, the CPCA said.
But in the fourth week, the average daily retail sales of car companies are expected to fall 14 percent from the fourth week of March, considering that automaker sales usually have an upward pulse at the end of the quarter, according to the CPCA.
With a large number of local government stimulus policies expiring at the end of March and fewer policy incentives in April, no strong stimulus policies are expected to provide support in the short term, the CPCA said.
China's Mar passenger NEV retail up 23.6% MoM to 543,000, CPCA data show
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