China NEV Monthly Sales (CPCA) 2024-2026
Month
2024
2025
2026
January
673,536
744,052
596,000
February
381,626
686,000
464,000
March
718,498
991,000
848,000
April
675,484
905,000
849,000
May
796,811
1,021,000
950,000
June
856,354
1,111,000
1,007,000
July
881,021
987,000
August
1,024,848
1,101,000
September
1,122,467
1,296,000
October
1,195,018
1,282,000
November
1,266,990
1,321,000
December
1,302,599
1,337,000
China passenger NEV retail sales — CPCA
2024
2025
2026
- China’s NEV retail penetration held at a high 62.8% in June as gasoline vehicles continued to collapse.
- NEV exports jumped 152.7% year-on-year, accounting for a record 56.9% of total passenger vehicle exports.
China’s new energy vehicle (NEV) retail sales fell year-on-year in June for the sixth consecutive month. Still, an explosive surge in exports emerged as the industry’s key bright spot.
China’s NEV retail sales came in at 1.007 million units in June, down 9.4% from a year earlier, according to data released Wednesday by the China Passenger Car Association (CPCA).
That was, however, a 6.0% increase from May, marking the first time this year that monthly sales returned above the 1 million mark.
Despite the retail pressure, NEV penetration remained elevated. The NEV retail penetration rate was 62.8% in June, up 9.5 percentage points year-on-year and just 0.1 percentage point below May’s record high.
China Passenger NEV Penetration at Retail 2024-2026
Month
2024
2025
2026
January
32.8%
41.5%
38.6%
February
35.8%
49.5%
44.9%
March
41.6%
51.1%
51.5%
April
43.7%
51.5%
61.4%
May
47%
52.9%
62.9%
June
48.4%
53.3%
62.8%
July
51.1%
54%
August
53.9%
55.2%
September
53.3%
57.8%
October
52.9%
57.2%
November
52.3%
59.3%
December
49.4%
59.1%
China passenger NEV penetration at retail
2024
2025
2026
China’s total passenger vehicle retail sales came in at 1.602 million units in June, a sharp 23.2% drop from a year earlier but a 6.1% gain from the prior month.
China Passenger Car Retail Sales 2024-2026
Month
2024
2025
2026
January
2,040,605
1,793,611
1,544,000
February
1,100,269
1,383,965
1,034,000
March
1,695,722
1,940,000
1,648,000
April
1,533,151
1,755,000
1,384,000
May
1,705,125
1,932,000
1,510,000
June
1,764,300
2,084,000
1,602,000
July
1,718,525
1,826,000
August
1,907,066
1,995,000
September
2,108,144
2,241,000
October
2,260,638
2,242,000
November
2,421,718
2,225,000
December
2,634,165
2,261,000
China passenger car retail sales
2024
2025
2026
The core pressure behind the market’s decline came from gasoline vehicles. Under the severe impact of high oil prices, retail sales of conventional gasoline passenger vehicles plunged 39% year-on-year in June, the CPCA said.
Among them, pure gasoline vehicle retail sales fell 42%, while ordinary hybrid models declined just 7%. The CPCA said high oil prices and shifting consumer preferences are accelerating the pace of electrification.
Battery electric vehicles (BEVs) continued to serve as the main pillar of the NEV market. BEV retail sales reached 685,000 units in June, up 3.6% year-on-year and 7.4% from May.
China Passenger BEV Retail Sales 2024-2026
Month
2024
2025
2026
January
379,000
419,000
348,000
February
219,963
427,000
278,000
March
428,000
646,000
568,000
April
405,198
559,000
579,000
May
495,825
607,000
637,000
June
492,945
661,000
685,000
July
487,000
607,000
August
580,718
686,000
September
643,000
826,000
October
673,000
812,000
November
758,000
827,000
December
762,000
782,000
China passenger BEV retail sales
2024
2025
2026
Plug-in hybrid electric vehicle (PHEV) retail sales were 241,000 units, down 27.3% year-on-year. Extended-range electric vehicle (EREV) retail sales were 82,000 units, down 31.9% year-on-year.
China PHEV Monthly Sales 2024-2026
Month
2024
2025
2026
January
209,000
250,000
172,000
February
109,000
199,000
134,000
March
215,000
268,000
204,000
April
207,000
260,000
192,000
May
225,000
298,000
228,000
June
253,000
334,000
241,000
July
279,000
278,000
August
338,000
314,000
September
361,000
360,000
October
405,000
361,000
November
391,000
378,000
December
419,000
410,000
China PHEV monthly sales
2024
2025
2026
China EREV Monthly Sales 2024-2026
Month
2024
2025
2026
January
85,000
75,000
76,000
February
53,000
60,000
52,000
March
74,000
77,000
76,000
April
65,000
86,000
79,000
May
77,000
116,000
85,000
June
107,000
116,000
82,000
July
115,000
102,000
August
106,000
100,000
September
118,000
109,000
October
117,000
109,000
November
121,000
116,000
December
122,000
145,000
China EREV monthly sales
2024
2025
2026
China’s NEV exports totaled 499,000 units in June, a 152.7% surge from a year earlier and a 17.6% increase from May. That accounted for 56.9% of total passenger vehicle exports, a record high and up 15.9 percentage points year-on-year.
Overall passenger vehicle exports were similarly robust. Passenger vehicle exports reached 877,000 units in June, up 82.3% year-on-year and accounting for 37% of manufacturers’ sales.
In terms of company performance, BYD (HKEX: 1211) continued to maintain its absolute market dominance in the NEV market. The company’s domestic NEV retail sales reached 224,478 units in June.
Geely Auto (HKEX: 0175) and Leapmotor followed, posting NEV retail sales of 107,951 units and 72,376 units, respectively.
Changan Automobile and Tesla (NASDAQ: TSLA) China recorded domestic NEV retail sales of 66,900 units and 52,920 units, respectively, in June.
Leapmotor, Nio and Xpeng each set their highest monthly delivery record so far this year in June.
