The CPCA expects China’s retail sales of NEVs to reach 1.4 million units in December, the fifth consecutive month above 1 million units.
China’s passenger car new energy vehicle (NEV) sales are poised to reach a new high this month.
In December, retail sales of passenger NEVs in China are estimated at 1.4 million units, up 47.8 percent year-on-year and up 10.4 percent from November, according to estimates released today by the China Passenger Car Association (CPCA).
This means that monthly retail sales of Chinese NEVs are expected to exceed 1 million units for the fifth consecutive month.
China’s NEV penetration at retail in December is expected to be 51.9 percent, according to the CPCA. This is lower than the 52.3 percent in November.
The CPCA is expected to release preliminary data on December NEV sales early next month and final figures in the middle of next month.
Latest survey shows that major automakers, which contribute about 80 percent of passenger car sales, are targeting about 10 percent increase in retail sales in December from November, the CPCA said.
According to preliminary projections, passenger car retail sales are expected to be around 2.7 million units in December, up 14.8 percent year-on-year and up 11.4 percent from the previous month, according to the CPCA.
Major automakers’ average daily passenger car retail sales in the first week of December were 62,700 units, up 32.1 percent year-on-year and up 10.6 percent from the same period last month.
Their average daily retail sales in the second week were 83,000 units, up 35.5 percent year-on-year and up 16.5 percent from the same week last month.
Average daily retail sales for the third week are expected to be 91,400 units, up 16.4 percent year-on-year and up 19.8 percent from the same week last month.
Average daily retail sales for the fourth week are expected to be 108,600 units, down 1.7 percent year-on-year and down 5.8 percent from the same period last month.
