CPCA expects China's June passenger NEV retail sales to rise 10.5% from May, with penetration likely climbing to about 63.6%.
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CPCA expects China's June passenger NEV retail sales to rise 10.5% from May, with penetration likely climbing to about 63.6%.
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China's NEV retail totaled 341,000 units in June 1-14, down 8% from a year earlier but up 5% from the same period last month.
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China's passenger NEV retail sales totaled 152,000 units during June 1-7, down 14% year-on-year but up 8% from the same period last month.
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BYD dominated China's NEV export market in May with 155,944 units exported, while Tesla China exported 38,701 units.
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Tesla's retail sales in China rebounded sharply to 47,281 units in May, returning to the top 10 NEV list and entering the top 10 in the overall passenger car market.
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China's NEV retail penetration rate reached 62.9% in May, as sales of traditional internal combustion engine vehicles shrank significantly.
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Cui proposes a statutory tax based on driving mileage and vehicle weight to address structural imbalances caused by declining fuel tax revenues.
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A steeper decline in the broader passenger car market pushed the NEV retail penetration rate to a record 63% in May.
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China's passenger NEV market showed a significant recovery in May, driven by elevated global oil prices and robust export demand.
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NEVs continue to dominate China's passenger vehicle market, with retail penetration reaching 62.5% from May 1 to 24.
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The CPCA expects China's May NEV retail sales to rise 12.0% month-on-month, with the penetration rate hitting a record 62.5%.
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NEVs continue to dominate China's passenger vehicle market, with the retail penetration rate reaching 58.9% from May 1 to 17.
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In the overall passenger car market, BYD ranked first in retail sales in April with a 13.2% share.
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China's BEV retail sales rose 2.4% year-on-year in April, while PHEV sales plunged 25.2%.
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NEVs outperformed internal combustion engine vehicles, driving the retail penetration rate to a record 62.8%.
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Spurred by high oil prices and enthusiasm from the Beijing Auto Show, multiple major automakers posted stellar April sales.
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CPCA's Cui advocates introducing standards for budget EVs in China to stimulate demand in underdeveloped regions and address sluggish auto sales.
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NEV retail penetration reached 61.2% during the period as traditional combustion-engine cars fared worse.
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China's April NEV retail penetration rate is expected to rise above 60% for the first time, with NEVs rebounding as the broader auto market continues to decline.
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China's NEV retail penetration rate reached 59.5% between April 1 and April 12.
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BYD captured a 22.8% share of China's NEV retail market in March, expanding its lead over Geely.
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China's retail sales of passenger NEVs in March reached 848,000 units, surging 82.6% from February, but falling 14.4% year-on-year.
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The broader passenger vehicle market also faced downward pressure in early April, with first-week retail sales sliding 29% year-on-year.
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China passenger NEV retail sales stood at 784,000 units in March, down 21% year-on-year but up 69% from February.
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CPCA estimated China's passenger NEV wholesale sales reached 1.12 million units in March, with BYD topping all automakers and Tesla ranking third.
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China's NEV retail sales came in at 495,000 units from March 1 to 22, contributing 53.9% of total passenger car sales.
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China's NEV retail sales in March are expected to nearly double from February's trough, with the penetration rate returning above 50%.
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In the overall passenger car retail market, Geely ranked first with a 14.1% share, while BYD ranked second with an 8.6% share.
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Exports of passenger NEVs from China surged 124.7% to 269,000 units, providing a strong bright spot for Chinese automakers.
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BYD narrowly retained its position as China's largest NEV maker by retail sales, though its lead over Geely was only 0.3 percentage points.
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