CONNECT WITH US
EV & Mobility

EV & Mobility

China's September NEV wholesale sales estimated at 2026 high of 1.67 million, CPCA says

CnEVPost logo

Published on

Add as a preferred source on Google
China's September NEV wholesale sales estimated at 2026 high of 1.67 million, CPCA says

China's passenger new energy vehicle (NEV) wholesale sales are estimated to have reached 1.67 million in September 2026, with strong exports supporting market growth.

The China Passenger Car Association (CPCA) estimated in a preliminary report released Friday that September NEV wholesale sales rose 12% year-on-year and 11% from August.

If confirmed, the estimate would mark the highest monthly wholesale volume this year, extending August's rebound, according to data compiled by CnEVPost.

Based on the September estimate, China's passenger NEV wholesale sales totaled about 11.42 million in the first 9 months of the year, up about 10% year-on-year.

Wholesale growth contrasted with weak domestic retail sales. Previously released CPCA weekly data showed China's passenger NEV retail sales fell 20% year-on-year to 827,000 from September 1 to 27.

Elevated oil prices overseas persisted longer than expected, fueling strong growth in NEV exports and widening disparities across the market, the CPCA said in its latest report.

The domestic market faced a high comparison base. A rush to buy before trade-in subsidies were tightened in some regions a year earlier had boosted sales, while the Mid-Autumn Festival holiday also disrupted production and sales patterns in late September this year.

NEV sales growth significantly outpaced the broader passenger vehicle market in September, though performance continued to vary widely among manufacturers and markets, the CPCA said.

BYD (HKEX: 1211), Geely Auto (HKEX: 0175), Chery (HKEX: 9973), Leapmotor (HKEX: 9863) and Changan Automobile (SZSE: 000625) ranked as the top 5 manufacturers by passenger NEV wholesale sales in September.


Source link
Related Topics:EV & Mobility

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.