CPCA: China's new energy vehicle retail sales from July 1-19 reached 485,000 units, down 4% year-on-year.

On July 22, data from CPCA showed that nationwide retail sales of passenger vehicles reached 770,000 units between July 1 and 19, down 16% year-on-year from the same period of July last year and 4% lower than the corresponding period of the previous month. Cumulative retail sales since the start of the year stood at 9.471 million units, a year-on-year decline of 20%. Nationwide wholesale volumes of passenger vehicles by manufacturers totalled 747,000 units in the July 1–19 window, falling 17% year-on-year and 14% month-on-month against the prior month’s matching period. Cumulative wholesale shipments year-to-date hit 13.293 million units, up 6% from a year earlier.

Between July 1 and 19, retail sales of new energy passenger vehicles nationwide reached 485,000 units, slipping 4% year-on-year and 6% versus the same period last month. Cumulative retail volumes of new energy passenger vehicles so far this year amounted to 5.19 million units, down 13% year-on-year. Over the same July 1–19 period, manufacturers’ wholesale deliveries of new energy passenger vehicles hit 509,000 units, rising 5% year-on-year while dropping 14% compared with the corresponding period of June. Cumulative wholesale volumes of new energy passenger vehicles year-to-date reached 7.296 million units, a 5% year-on-year increase.

The retail penetration rate of new energy passenger vehicles stood at 63% nationwide from July 11 to 19. The wholesale penetration rate of new energy passenger vehicles by manufacturers registered 68.1% for July 1–19.