China NEV retail at record 1.2 million in Oct despite penetration pull-back

CnEVPost11-08

Retail sales of NEVs in China reached a record high in October, but NEV penetration declined slightly due to faster growth in gasoline vehicle sales. Retail sales of new energy vehicles (NEVs) in ...

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This represents a 107.7 percent increase year-on-year and an 11.3 percent increase from September.\nEREVs contributed 9.8 percent of NEV retail sales in October at 117,000 units, which was up 55.2 percent year-on-year, but down 0.2 percent from September.\nCombined retail sales of PHEVs and EREVs were 522,000 in October, up 92.62 percent year-on-year and up 8.30 percent from September.\n\nChina's passenger cars, including sedans, SUVs and MPVs, retailed 2.26 million units in October, up 11.3 percent year-on-year and up 7.2 percent from September.\n\nThis means that the overall sequential growth rate of China's passenger car retail sales exceeded the growth rate of NEVs.\nChina's NEV penetration rate at retail stood at 52.9 percent in October, exceeding the 50 percent mark for the fourth consecutive month.\nThat penetration rate was up 15 percentage points from 37.9 percent a year ago, but down 0.4 percentage points from 53.3 percent in September, the second consecutive sequential decline.\nThe dip in NEV penetration at retail could be largely due to gasoline vehicle sales seeing faster growth rates, incentivized by the government's trade-in policy.\n\nNEV penetration at retail in October was 74.6 percent for local brands, 24.9 percent for luxury brands and 6.2 percent for mainstream JV brands, according to CPCA.\nWholesale sales of passenger NEVs in China reached a record 1,369,000 units in October, up 55.2 percent year-on-year and up 11.2 percent from September.\n\nNEV penetration in wholesale sales in October was a record 50.1 percent, exceeding 50 percent for the first time, up 14 percentage points from 36 percent a year ago and up 1 percentage point from 49.1 percent in September.\n\nPenetration of local Chinese NEVs in wholesale in October was 65 percent, compared to 35 percent for luxury brands and 6 percent for mainstream JV brands.\nPassenger NEVs exported from China amounted to 120,000 units in October, up 10.4 percent year-on-year and up 13.7 percent from September, contributing 27 percent of passenger car exports.\nBEVs contributed 80.8 percent of NEV exports in October, with A0 and A00 class BEVs accounting for 46 percent of NEV exports, according to the CPCA.\nTesla sells 40,485 cars in China in Oct, exports 27,795 from Shanghai plant\n\n HTML部分 \n\nFollow us by email: \n\n\n\n\n\n    Get Newsletter\n  \n\n CSS部分 \n\n.newsletter-container {\n  display: inline-flex;\n  align-items: center;\n  justify-content: space-between; /* 使用space-between来控制两端对齐 */\n  gap: 8px;\n  padding: 6px 50px;  /* 统一左右内边距 */\n  border: 1px solid #000;\n  border-radius: 8px;\n  background: #fff;\n  min-width: 380px;\n  box-sizing: border-box; /* 确保padding计算在宽度内 */\n}\n\n.follow-text {\n  font-size: 15px;\n  color: #000;\n  white-space: nowrap;\n  padding-left: 0; /* 移除可能的左内边距 */\n}\n\n.newsletter-button {\n  display: inline-flex;\n  align-items: center;\n  gap: 4px;\n  padding: 4px 14px;\n  border-radius: 4px;\n  background-color: #f5f5f5;\n  cursor: pointer;\n  font-size: 15px;\n  text-decoration: none;\n  color: #000;\n  transition: all 0.2s ease;\n  white-space: nowrap;\n  margin-right: 0; /* 移除可能的右外边距 */\n}\n\n.newsletter-button:hover {\n  background-color: #e5e5e5;\n}\n\n.plus-icon {\n  display: inline-block;\n  vertical-align: middle;\n  margin-right: 2px;\n}\n\n Convertkit嵌入脚本 \n\n\n\nMore From CnEVPost\n\n\n\n\n \n\n\nAudi, SAIC launch new brand 'AUDI', unveil concept car E concept\n\n\n\n\n\n \n\n\nAvatr opens 1st showroom in Thailand, makes 1st local car deliveries\n\n\n\n\n\n \n\n\nChina NEV retail at 1.28 million in Oct, up 14% from Sept, preliminary CPCA data show\n\n\n\n\n\n \n\n\nChina Oct NEV wholesale at record 1.4 million, CPCA estimates show\n\n\n\n\nShare this post:XFacebookTelegramReddit\">RedditLinkedInPocketEmailWhatsAppPrintThreads CONTENT END 1","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Economic Data","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481961123"}