So far this year, China’s passenger NEV retail sales amounted to 5,482,000 units, up 34 percent year-on-year.
(Image credit: CnEVPost)
From October 1 to October 15, China’s passenger new energy vehicle (NEV) retail sales stood at 294,000 units, up 42 percent year-on-year and up 8 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 5.482 million units, up 34 percent year-on-year.
From October 1 to October 15, China’s passenger NEV wholesale sales were 291,000 units, down 10 percent year-on-year and down 2 percent from the same period in September, according to the CPCA.
So far this year, China’s passenger NEV wholesale sales stood at 6,199,000 units, up 33 percent year-on-year.
Between October 1 and October 15, retail sales of all passenger vehicles in China were 796,000 units, up 23 percent compared with the same period last year and up 14 percent from the same period last month, the CPCA said.
So far this year, China’s retail sales of passenger cars are up 3 percent year-on-year to 16.029 million units.
That means that between October 1 and October 15, China’s penetration of NEVs at retail was 36.9 percent, and 34.2 percent so far this year.
In the first week of October — October 1 to October 6 — China’s average daily passenger car retail sales were 52,186 units, up 68 percent from a year earlier and up 19 percent from the same period last month, according to the CPCA.
In the second week of October — October 7 to October 15 — average daily retail sales of passenger cars in China were 53,648 units, up 5 percent from the same period last year and up 11 percent from the same period last month.
Sales of high-end models improved significantly in China, while sales of mid- and low-priced models declined, the CPCA said in the report today.
China needs to encourage consumption of lower-end models, which have more potential against the backdrop of half of all households not yet owning a car, the CPCA said.
In the January-September period, sales of models priced below RMB 50,000 ($6,830) accounted for just 3.1 percent of sales, down 1 percentage point from last year.
Models priced in the RMB 50,000-RMB 100,000 range had a sales share of 15.6 percent in January-September, down 4.6 percentage points from last year.
Models priced at RMB 100,000 – RMB 150,000 contributed 33.6 percent of sales in January-September.
Models priced above RMB 300,000 contributed 14.4 percent during the period, up 3.2 percentage points from last year.
($1 = RMB 7.3159)
