China’s retail penetration of NEVs was 41.3 percent in the November 1-12 period.
(Image credit: CnEVPost)
Retail sales of new energy vehicles (NEVs) in China amounted to 222,000 units from November 1 to November 12, up 20 percent year-on-year but down 2 percent from a month earlier, according to data released on November 15 by the China Passenger Car Association (CPCA).
So far this year, retail sales of passenger NEVs in China amounted to 6.175 million units, up 34 percent year-on-year.
From November 1 to November 12, China’s wholesale sales of passenger NEVs were 240,000 units, up 31 percent year-on-year and up 7 percent from the same period in October, according to the CPCA.
So far this year, China’s passenger NEV wholesale sales stood at 7.04 million units, up 35 percent year-on-year.
In the November 1-12 period, China’s retail sales of all passenger vehicles were 538,000 units, up 18 percent compared with the same period last year and down 15 percent from the same period last month, the CPCA said.
So far this year, China’s retail sales of passenger cars are at 17.805 million units, up 4 percent from a year earlier.
That means China’s penetration of NEVs at retail was 41.3 percent in the November 1-12 period, and 34.7 percent so far this year.
In the first week of November — November 1 to November 5 — China’s average daily passenger car retail sales were 37,875 units, up 6 percent from a year ago but down 27 percent from a month earlier, according to the CPCA.
In the second week of November — from November 6 to November 12 — China’s average daily retail sales of passenger cars were 49,845 units, up 26 percent from a year ago while down 7 percent from the same period last month.
The unusually high temperatures in China in October were unfavorable for car-buying demand, the CPCA said, adding that as the weather turns colder in November, coupled with promotional activities, car-buying demand will be gradually released in the coming weeks.
China’s auto sales may grow at a rate of more than 20 percent year-on-year in November as carmakers strive to meet their annual targets, according to the CPCA.
