CPCA: October NEV Retail Estimated at 1.148 Million, Wholesale 1.807 Million; Penetration Hits 67.8%
The China Passenger Car Association (CPCA) released preliminary October figures on November 4 showing the new-energy vehicle retail market reached an estimated 1.148 million units, down 10% year on year but up 6% month on month, with cumulative retail at 8.907 million, down 12%. NEV wholesale hit 1.807 million, up 12% year on year and 8% month on month, with cumulative wholesale of 13.256 million, up 10%. The NEV retail penetration for October 1-31 stood at 67.8% and the wholesale penetration at 68.6%, both near record highs. Total passenger-car retail for the month was 1.693 million, down 25% year on year but up 5% month on month, with cumulative retail at 15.027 million, down 22%. CPCA said the October recovery was mild, driven by National Day auto shows, local subsidies and year-end promotions.
Source: Cailian Press / CPCA, Nov 5, 2026 | 2026-11-05
- China Leads Globally in AI Development Speed and Application Scale, Officials Say
- ByteDance's Seedance Video Model Sees Overseas Revenue Share Hit 50%
- Tencent Open-Sources Hunyuan Hy4 Formal Version at Wuzhen, Alongside Alibaba's Qwen4
- Baidu Discloses Apollo World, an Agent-Driven Full-Modal World Model for Physical AI
- 2026 Wuzhen Summit Releases China and World Internet Development Blue Books
- Avnet China President: China Is Accelerating AI Productization and Industrialization
- Global Times: When Double 11 Starts 'Hoarding Tokens', the Era Has Shifted
- Opinion: Safeguarding Data Rights Empowers AI Innovation Under New Quality Productive Forces
- Zhejiang Launches AI Special-Training Action Aiming for 2 Million Trainees by 2028
- National Data Administration: 15th Five-Year Plan Will Issue Three Digital Action Plans
