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.

The latest data highlights China’s ongoing shift towards electric mobility despite broader challenges within its automotive market.

The post China’s NEV Sales Rise by 1% in December Amid Overall Dip appeared first on Auto Global News – Global Car News & Reviews.