China NEV retail at 554,000 in Nov 1-16, up 2% year-on-year

• From November 1-16, China's total passenger vehicle retail sales stood at 886,000 units, down 14 percent compared to the same period last year.
• NEV retail penetration in China stood at 62.5 percent from November 1 to 16, and 53.13 percent year-to-date.

China's new energy vehicle (NEV) retail sales rebounded last week, reversing the decline seen earlier in the month.

From November 1-16, China's passenger NEV retail sales came in at 554,000 units, marking a 2 percent year-on-year increase and a 7 percent month-on-month rise, according to data released today by the China Passenger Car Association (CPCA).

By comparison, passenger NEV retail sales from November 1-9 totaled 265,000 units, down 5 percent year-on-year, though up 16 percent month-on-month.

Year-to-date, China's cumulative passenger NEV retail sales reached 10.7 million units, up 21 percent year-on-year.

Wholesale sales of China's passenger NEVs from November 1-16 totaled 618,000 units, a 1 percent increase year-on-year and a 17 percent rise month-on-month.

Year-to-date, China's cumulative passenger NEV wholesale sales reached 12.68 million units, up 28 percent year-on-year.

From November 1-16, China's total passenger vehicle retail sales reached 886,000 units, down 14 percent year-on-year and 6 percent month-on-month.

Year-to-date, China's cumulative retail sales of all passenger vehicles reached 20.14 million units, up 7 percent year-on-year.

This indicates that China's NEV retail penetration rate stood at 62.5 percent during November 1-16 and 53.13 percent year-to-date.

During the first week of November, November 1-9, China's average daily passenger vehicle retail sales were 46,056 units, down 19 percent year-on-year and down 4 percent month-on-month.

During the second week of November, November 10-16, China's average daily passenger vehicle retail sales were 67,312 units, down 9 percent year-on-year and down 7 percent month-on-month.

From November 1 to 16, China's total passenger vehicle wholesale sales were 1.021 million units, down 14 percent year-on-year but up 14 percent month-on-month.

From November 1 to 9, China's average daily wholesale sales of passenger vehicles were 52,020 units, down 22 percent year-on-year but up 48 percent month-on-month.

From November 10-16, China's average daily wholesale sales of passenger vehicles totaled 78,961 units, down 5 percent year-on-year and down 4 percent month-on-month.

Year-to-date wholesale sales of passenger vehicles in China reached 24.8 million units, an 11 percent increase compared to the same period last year.