China Automobile Association Releases September Report
According to the report, the passenger car market retailed 1.910 million units in September, increasing 7.3% compared to September last year.
From January to September this year, the passenger car market has retailed 12.925 million units, a growth rate of -12.5%, which is three percentage points lower than the cumulative growth rate of -15.2% from January to August, showing an accelerated recovery.
Also, sales of new energy passenger vehicles have soared. In September, the sales of new energy passenger vehicles reached 125,000, a year-on-year increase of 99.6% and a month-on-month increase of 24.1%. Among them, the sales volume of plug-in hybrid models was 22,000, a year-on-year increase of 55% and pure electric models amounted to 102,000 units, a year-on-year increase of 105%.