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China's September NEV retail sales fall 12% as month-end surge narrows decline, preliminary CPCA data shows

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China's September NEV retail sales fall 12% as month-end surge narrows decline, preliminary CPCA data shows

China's retail sales of passenger new energy vehicles (NEVs) totaled 1.141 million in September, down 12% year-on-year but up 14% from August, according to preliminary figures released by the China Passenger Car Association (CPCA) on Saturday.

That means the final 3 days of September contributed about 310,000 NEV retail sales, or nearly 28% of the monthly total, according to CnEVPost calculations. From September 1 to 27, retail sales of passenger NEVs in China totaled 827,000 units, a 20% year-on-year decline.

NEVs accounted for 67.1% of passenger vehicle retail sales in September, up from 65.7% in the first 27 days. Year-to-date NEV retail sales totaled 7.816 million, down 12% year-on-year.

Wholesale sales of passenger NEVs reached 1.672 million in September, up 11% both year-on-year and from August, marking the highest monthly total this year, according to data compiled by CnEVPost.

Year-to-date NEV wholesale sales totaled 11.45 million, up 9% year-on-year. NEVs accounted for 66.1% of passenger vehicle wholesale sales in September.

The broader passenger vehicle market posted a steeper decline. Retail sales totaled 1.702 million in September, down 24% year-on-year but up 10% from August. Year-to-date retail sales reached 13.42 million, down 21% year-on-year.

Total passenger vehicle wholesale sales were 2.528 million, down 10% year-on-year but up 7% from August. Wholesale sales of gasoline-powered vehicles fell 41% year-on-year, while their production for the domestic market dropped 52% in the first 3 weeks of September.

In previous years, the traditional September peak selling season brought broad-based growth, with both gasoline-powered vehicles and NEVs benefiting from rising demand, the CPCA said.


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