Passenger Association: retail sales of new energy vehicles in China are expected to be 580000 in September, an increase of 73.9% over the same period last year.

CTOnews.com, September 23, according to the Federation of passengers, according to the September retail target survey, about 80% of the overall market has reached double-digit year-on-year growth. It is initially estimated that the narrow passenger car retail market this month is about 1.95 million, an increase of 23.3% over the same period last year, of which new energy retail is about 580000, an increase of 73.9% year-on-year and a penetration rate of about 29.7%.

The Federation said that the local car market in September was negatively affected by the epidemic and began to recover one after another in the second half of the year. On August 31, the National standing Committee again mentioned "promoting bulk consumption such as cars", and various localities responded positively and issued a new round of subsidy policies to help the sales sprint at the end of the month and play a continuous role in lifting the auto market.

CTOnews.com learned that data released by the Federation of passengers last month showed that retail sales in the passenger car market reached 1.871 million in August 2022, up 28.9% from a year earlier, the highest growth rate in the past decade. Retail sales grew 2.9% in August, the second lowest in the history of the same period in nearly a decade. Retail sales of new energy passenger cars reached 529000 in August, an increase of 111.2% over the same period last year, and a month-on-month increase of 8.8% in January-August to form a "W" trend. From January to August, the domestic retail sales of new energy passenger vehicles were 3.262 million, an increase of 119.7% over the same period last year.