China NEV retail at 130,000 in Jul 1-7, up 3% from same period last month – The Global Tofay

China NEV retail at 130,000 in Jul 1-7, up 3% from same period last month - The Global Tofay Global Today

China’s NEV retail penetration stood at 47.44 percent in July 1-7, and 41.95 percent year-to-date.

(A Deepal S7 on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost)

Retail sales of new energy vehicles (NEVs) in China rose moderately last week, as deliveries are typically slow at the beginning of the month.

Retail sales of passenger NEVs in China totaled 130,000 units in the July 1-7 period, up 37 percent from a year earlier and up 3 percent from a month earlier, according to data released today by the China Passenger Car Association (CPCA).

So far this year, cumulative retail sales of passenger NEVs in China totaled 4,243,000 units, up 33 percent from the same period last year.

Wholesale sales of China’s passenger NEVs from July 1-7 were 111,000 units, up 24 percent from the same period last year, but down 20 percent from the same period last month, according to the CPCA.

So far this year, the cumulative wholesale sales of China’s passenger NEVs stood at 4,731,000 units, up 30 percent from the same period last year.

From July 1-7, China’s retail sales of all passenger vehicles were 274,000 units, up 6 percent compared with the same period last year and up 9 percent from the same period last month.

So far this year, cumulative retail sales of all passenger cars in China totaled 10,114,000 units, up 3 percent year-on-year.

This means that China’s NEV penetration at retail stood at 47.44 percent from July 1-7 and 41.95 percent year-to-date.

In the first week of July — July 1-7 — the average daily retail sales of passenger cars in China was 39,189 units.

For July 1-7, wholesale sales of all passenger cars in China were 195,000 units, down 26 percent year-on-year and down 21 percent from the same period last month.

During July 1-7, the average daily wholesale sales of passenger cars in China was 27,877 units.

Cumulative year-to-date wholesale sales of passenger cars in China totaled 11,947,000 units, up 5 percent year-on-year.

China EV insurance registrations for week ending Jul 7: Nio 5,300, Tesla 6,500, Xiaomi 3,700, BYD 58,800

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