According to data released by the China Passenger Car Association, the retail sales of passenger cars in broad sense were 2.036 million units in September, up 4.7% YoY and 4.9% MoM. From January to September, the sales totalled 15.409 million units, up 2.1% YoY. In September, the retail sales of new energy passenger vehicles were 746,000 units, up 22.1% YoY and a 4.2% MoM. From January to September, the new energy passenger vehicle retail sales were 5.188 million units, up 33.8% YoY.
In terms of exports, data from the China Passenger Car Association showed that 91,000 new energy passenger vehicles were exported in September, up 107% YoY and 16% MoM, accounting for 25.4% of total passenger vehicle exports. Among them, pure electric vehicles accounted for 94.7% of new energy vehicle exports, of which A0+A00 pure electric vehicle share was 48%. With the scale advantage of China’s new energy and market expansion needs, more and more Chinese-made new energy product brands are going abroad, their recognition overseas continues to increase, and their service networks keep improving. As a result, the new energy vehicle export market is broadening and the future is promising.
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