CPCA Estimates October NEV Retail at 1.07 Million Units With 66.9% Penetration, Gasoline Cars Sold at Half the Volume
On October 23 the China Passenger Car Association released its October market estimate: full-month narrow-sense passenger-car retail is expected at 1.6 million units, of which new-energy vehicles are estimated at 1.07 million and conventional gasoline cars about 530,000. NEV volume thus exceeds gasoline by roughly two times, with retail penetration projected at 66.9%, down marginally from September's record 67.0% in a normal seasonal move. By week, National Day holiday orders concentrated into the second week's deliveries, while the fifth week's month-end push is seen lifting daily retail to about 79,000 units. CPCA noted the overall market is still bottoming, with year-on-year declines near 29%, and most major automakers had completed less than 60% of their annual targets by the first three quarters, hinting at a possible year-end promotion window.
Source: CPCA / Netcom Auto, Oct 25, 2026 | 2026-10-25
- Zhou Hongyi Says DeepSeek's Open Source Reflects 'Sovereign AI'; 360 Builds Sovereign-AI OS
- AgiBot's Expedition A3 Sets Guinness Record With 110 Humanoid Robots Dancing in Unison
- iFlytek Releases Spark X2.6 Trained on Domestic Compute; X2.5-4B Hits 2.56 Million Downloads
- Galbot and Unitree Jointly Develop World's First Native-Agent Robot 'GalbotET1'
- Don't Be Misled by Token Consumption, Says Economic Daily: China-U.S. Top Model Gap Narrows Below 3%
- AI Is Getting Things Done, Accelerating the 'Compute-Model-Scenario' Ecosystem Chain
- iFlytek Debuts Xingchen TaaS Platform at 1024 Developer Festival; MiniMax Open-Sources M3.1 Flash
- DeepSeek and MiniMax Complete AI Model Overseas-Registration, Clearing Compliance Path
- 2026 Yiwu Trade Conference Closes, Spotlighting AI as Engine of Cross-Border Commerce
- Yiwu's Small Commodities 'Borrow' Hainan's Chengmai to Reach the Globe
