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CPCA Expects Narrowly Defined PV Retail Scale to Drop 2% MoM in Oct, NEV Retail Penetration Rate to Hit New High
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The retail market scale for narrowly defined passenger vehicles (PVs) in October is preliminarily estimated by the China Passenger Car Association (CPCA) to drop by 2% MoM to around 2.2 million units. Among them, the retail volume of new energy vehicles (NEVs) is expected to be around 1.32 million units, with the penetration rate likely to rise to a historical high of around 60%. AAStocks Financial News |
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