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China’s Sept NEV wholesale sales at record 830,000 units, CPCA estimates show

EV World Desk2 min read

In the January-September period, China’s passenger NEV wholesale sales were estimated at 5.92 million units, up 36 percent year-on-year, according to the CPCA.

China’s passenger new energy vehicle (NEV) wholesale sales are forecast at 830,000 units in September, up 4 percent from August and up 23 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.

In August, the 15 manufacturers with wholesale sales of more than 10,000 units of NEVs contributed 87.3 percent of all wholesale sales, the CPCA said.

The estimated sales of these automakers in September were 720,000 units, and according to the normal structure, China’s September wholesale sales of passenger NEVs will be at 830,000 units, the CPCA said.

In the January-September period, China’s wholesale sales of passenger NEVs were 5.92 million units, up 36 percent year-on-year, according to preliminary estimates, the report said.

In China, NEVs include battery electric vehicles, plug-in hybrids and fuel cell vehicles.

With this year’s Mid-Autumn Festival as well as National Day holidays coming in late September, passenger car makers’ sales time actually largely wrapped up on September 28, the CPCA said.

As a result, growth slowed down slightly in September this year due to the high base of the same period last year, according to the CPCA.

China’s passenger car sales are expected to be 23.5 million units in 2023, of which 8.5 million will be NEVs, with NEV penetration expected to reach 36 percent, the CPCA said, repeating its previous forecast.