China NEV retail at 879,000 in Jul, penetration exceeds 50% for 1st time, preliminary CPCA data show
China's NEV penetration at retail stood at 50.84 percent in July, the first time in history it has exceeded 50 percent, according to preliminary CPCA data.
In the first week of July -- July 1-7 -- average daily retail sales of passenger cars in China were 39,189, up 6 percent year-on-year and up 9 percent from the previous month.
In the second week of July -- July 8-14 -- average daily retail sales of passenger cars in China were 43,330, down 1 percent year-on-year but up 4 percent from the previous month.
In the third week of July -- July 15-21 -- average daily retail sales of passenger cars in China were 50,941, 1 percent lower year-on-year and 14 percent lower than the previous month.
In the fourth week of July -- July 22-28 -- average daily retail sales of passenger cars in China were 65,367, 10 percent lower year-on-year and 25 percent lower than the previous month.
In the fifth week of July -- July 29-31 -- average daily retail sales of passenger cars in China were 112,423, down 1 percent year-on-year but up 17 percent from the previous month.
For July 1-31, wholesale sales of all passenger cars in China were 1.956 million units, 5 percent lower year-on-year and 10 percent lower than the same period last month.
During July 1-7, average daily wholesale sales of passenger cars in China were 27,877, down 26 percent year-on-year and 21 percent lower than the previous month.
During July 8-14, average daily wholesale sales of passenger cars in China were 36,276, down 22 percent year-on-year and down 10 percent from the previous month.
During July 15-21, average daily wholesale sales of passenger cars in China were 56,270, up 2 percent year-on-year but 18 percent lower than the previous month.
During July 22-28, average daily wholesale sales of passenger cars in China were 73,442, down 21 percent year-on-year and 41 percent lower than the previous month.
During July 29-31, average daily wholesale sales of Chinese passenger cars were 199,605, up 37 percent year-on-year and up 40 percent from the previous month.
Cumulative wholesale sales of Chinese passenger cars so far this year were 13.708 million units, up 4 percent year-on-year.
China's NEV ownership reaches 24.72 million by end of Jun