CPCA: NEV Retail Penetration Hits 65.9% in First 18 Days of October; Jan-Sep Sales Reach 8.28 Million
The China Passenger Car Association (CPCA) released October 1-18 market data on October 21 showing NEV retail penetration of 65.9% and NEV wholesale penetration of 76.8%, with NEV passenger-car retail reaching 520,000 units in the period and wholesale 655,000 units. For the first nine months NEV retail reached 8.278 million units, up 13% year on year, while NEV wholesale hit 12.104 million, up 9%. On the export side, from January to August Chinese self-owned automakers' overseas retail reached 3.36 million units, up 59% and lifting their global share to 7.8%; the overseas share of Chinese NEV passenger cars climbed to 24.8%, up 9 percentage points, with Europe, Southeast Asia and Southern-Hemisphere markets showing especially strong electrification. The figures confirm NEVs as the mainstay of both domestic replacement demand and export growth even as the broader market cools.
Source: China Passenger Car Association (CPCA) / Sina Finance, Oct 21, 2026 | 2026-10-21
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