China NEV retail sales dip 2% in first 26 days of July as penetration climbs to 65.7%中国新能源乘用车7月1-26日零售销量同比降2%,渗透率升至65.7%
S 1.6T21 sources1 个来源R4-quantified-first
CPCA data released Wednesday show China's passenger NEV retail sales totaled 738,000 units in July 1-26, down 2% year-on-year and down 10% from the same period in June; year-to-date retail sales reached 5.443 million units, down 13% year-on-year.
NEV retail penetration rose to 65.7% in July 1-26, up from 63% in the first three weeks of the month, while wholesale penetration reached 70%.
Overall passenger vehicle retail sales fell 18% year-on-year over the same period, with the decline widening each week, underscoring NEVs' continued outperformance against a contracting broader market.