China's NEV retail sales improved last week, significantly narrowing the month-to-date decline.
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Category: CPCA
The Chinese New Year holiday from January 28 to February 4 brought disruptions to production and consumption activities.
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BYD's share of China's NEV market in January was below the 31.0 percent recorded in December 2024, as sales declined.
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China's overall passenger car retail sales in January totaled 1.794 million units, down 12.1 percent year-on-year and down 31.9 percent from December.
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Overall passenger car retail sales in January were 1.85 million units, down 9 percent year-on-year and down 30 percent from December.
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In January, China's wholesale sales of passenger NEVs were estimated at 900,000 units, up 31 percent from a year earlier but down 40 percent from December, the CPCA said.
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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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China's auto market is expected to continue to show seasonality at the start of the year, with overall passenger car retail sales expected to be around 1.75 million units, down 33.6 percent from the previous month.
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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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