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CPCA: Aug Wholesale of Pax. NEV in CN Grows 16% YoY
2026-09-03 11:37:10 The China Passenger Car Association (CPCA) announced that wholesale volume of new energy passenger vehicles in China were estimated at 1.51 million units in August, up 16% YoY and 4% MoM, achieving double-digit growth in both measures and marking that the NEV sector has entered a recovery channel with strong bottom-building momentum after an earlier adjustment period. The growth rate was evidently above the overall auto market during the same period, with NEVs becoming the core engine supporting the stable development of the passenger vehicle market. On the ride of accelerated electrification transformation by leading automakers and consumption environment drivers, a number of major automakers posted record NEV wholesale volume for the same period in August, highlighting the effectiveness of domestic automakers' electrification transformation. BYD COMPANY (01211.HK), GEELY AUTO (00175.HK), CHERY AUTO (09973.HK), LEAPMOTOR (09863.HK), SAIC-GM-Wuling, SAIC Passenger Vehicle, GWMOTOR (02333.HK), XPENG-W (09868.HK), and NIO-SW (09866.HK) recorded their best-ever August NEV wholesale results. These automakers span independent, joint-venture and NEV startup brands, indicating that electrification transformation evolved from being led by a small number of pioneers into an industry-wide consensus. The pace of technology iteration and new product launches accelerated, while market performance continued to improve. ~ AASTOCKS Financial News Website: www.aastocks.com | |