China Auto Market

China has released an automotive industry growth stabilization plan aimed at achieving key economic development goals for the sector.

From September 1 to 7, China's total passenger vehicle retail sales totaled 304,000 units, a 10 percent year-on-year decrease.

From August 1 to 24, China's total passenger vehicle retail sales came in at 1.285 million units, a 3 percent increase compared to the same period last year.

In the first 17 days of August, China's total passenger vehicle retail sales came in at 866,000 units, up 2 percent year-on-year.

From August 1 to 10, China's total passenger vehicle retail sales totaled 452,000 units, down 4 percent year-on-year.

From July 1 to 27, China's total passenger vehicle retail sales were 1.445 million units, up 9 percent year-on-year, but down 19 percent month-on-month.

China's NEV penetration rate in retail sales was 54.9 percent during the July 1-20 period, and 50.56 percent year-to-date.

The penetration rate of NEVs in retail sales reached 58.1 percent during the July 1-13 period, and 50.56 percent year-to-date.

The penetration rate of NEVs in retail sales was 54.5 percent from June 1 to 22, and 50.06 percent year-to-date.

The penetration rate of NEVs in retail sales was 57 percent from June 1 to 15, and 49.98 percent year-to-date.