China’s new energy vehicle (NEV) retail sales rose slightly, up 1 percent year-on-year to 788,000 units from December 1-21. However, overall passenger car sales fell sharply.
Key Takeaways
- New energy vehicle retail sales rose by 1% in the period of Dec 1-21 compared to last year.
- Total NEV cumulative sales for this year reached 12.26 million units, up 18 percent from last year.
- Wholesale NEV sales fell short with a drop of 10% year-on-year in the same period.
New energy vehicle retail sales climbed to 788,000 units during December 1-21. This marks an increase from last year’s figures but contrasts sharply with overall passenger car sales which dropped by nearly 20 percent over the same timeframe.
Despite this growth in NEV sales, wholesale numbers for these vehicles showed a decline of 10% compared to the previous December period. Cumulative retail and wholesale sales for all passenger cars reached 22.78 million units year-to-date, marking an overall increase of 4 percent from last year.
The average daily NEV retail penetration rate stood at around 60%, indicating a significant market share growth in the new energy vehicle sector over traditional vehicles this month.
While December’s first week saw passenger car sales dip significantly compared to previous years, there was an upward trend observed by the third week of the month as daily average sales increased. This suggests a recovery phase for overall automotive retail despite ongoing challenges.
Frequently Asked Questions
What were China’s NEV retail and wholesale figures in December 1-21?
The country saw new energy vehicle retail sales of 788,000 units from Dec 1 to 21. Meanwhile, the number for wholesale was slightly lower at 782,000 units.
How do these figures compare with last year’s?
This period saw a modest increase of 1% in NEV retail sales compared to December 2024. However, wholesale numbers dropped by 10 percent from the same time frame.
The latest data highlights China’s ongoing shift towards electric mobility despite broader challenges within its automotive market.
