China’s NEV penetration at retail was 40.4 percent in the September 1-24 period, and 34.2 percent year-to-date.
(Image credit: CnEVPost)
Weekly sales of new energy vehicles (NEVs) in China continued to improve towards the end of the month, driving faster growth so far this month.
From September 1 to September 24, retail sales of passenger NEVs in China were 508,000 units, up 33 percent year-on-year and up 11 percent from the same period last month, according to data released today by the China Passenger Car Association (CPCA).
So far this year, retail sales of passenger NEVs in China stood at 4.951 million units, up 36 percent year-on-year.
From September 1 to September 24, wholesale sales of passenger NEVs in China were 595,000 units, up 40 percent year-on-year and up 17 percent from the same period in August, according to the CPCA.
So far this year, China’s passenger NEV wholesale sales stood at 5.675 million units, up 39 percent year-on-year.
Between September 1 and September 24, retail sales of all passenger vehicles in China were 1.256 million units, up 13 percent compared with the same period last year and up 6 percent from the same period last month, the CPCA said.
So far this year, China’s retail sales of passenger cars were 14.468 million units, up 3 percent from a year earlier.
That means China’s penetration of NEVs at retail was 40.4 percent in the September 1-24 period, and 34.2 percent so far this year.
From September 1 to September 10, average daily retail sales of passenger cars in China were 43,885 units, up 14 percent from the same period last year and unchanged from the same period last month.
From September 11 to September 17, average daily retail sales of passenger cars in China were 52,228 units, up 6 percent from a year ago and up 3 percent from the same period last month.
From September 18 to September 24, average daily retail sales of passenger cars in China were 64,492 units, an increase of 18 percent over the same period last year and up 16 percent over the same period last month.
The overall performance of China’s auto market in the beginning of September was fairly good, basically unchanged from the same period in August, without much pressure, the CPCA said.
The typhoons and heavy rains that hit some of China’s coastal cities during the month had an impact on store traffic, the CPCA noted.
But with China’s National Day holiday approaching, driving trips are expected to boost demand for cars, the CPCA said.
Some local governments provided temporary subsidies in September, and some car companies have adjusted their prices and marketing strategies, which have bolstered auto consumption, according to the CPCA.
