Retail sales of BEVs in June were 493,000 units, down 0.5 percent from May, while PHEVs were 363,000 units, up 17.4 percent from May.

China's retail sales of new energy vehicles (NEVs) rebounded further in June, with penetration reaching a new high.

Retail sales of passenger NEVs in China totaled 856,000 units in June, the second highest on record behind the 947,347 units sold in December 2023, according to data released today by the China Passenger Car Association (CPCA).

That's up 28.6 percent from a year ago and up 6.4 percent from May.

The figure is lower than the 864,000 units preliminary figure released by the CPCA earlier this month, and lower than the estimate of 860,000 units it released at the end of last month.

Battery electric vehicles (BEVs) accounted for 57.6 percent of all NEV retail sales in June at 493,000 units. That was up 9.9 percent year-on-year, but down 0.5 percent from May.

Plug-in hybrids (PHEVs) accounted for 363,000 units of retail sales in June, contributing 42.4 percent of all NEV retail sales. That's up 67.2 percent year-on-year and up 17.4 percent from May.

China's passenger vehicles, including sedans, SUVs and MPVs, retailed 1,767,000 units in June, down 6.7 percent year-on-year but up 3.2 percent from May.

China's NEV penetration at retail was a record 48.4 percent in June, up 13.5 percentage points from 34.9 percent a year earlier and up 1.4 percentage points from 47 percent in May.

The retail penetration of local brands of NEVs in June was 72.5 percent, compared to 29.8 percent for luxury brands and 7.4 percent for mainstream JV brands, according to CPCA.

China's wholesale sales of passenger NEVs in June were 982,000 units, up 29.0 percent year-on-year and up 9.5 percent from May.

NEV penetration on wholesale hit a record 45.3 percent in June, up 11.5 percentage points from 33.8 percent a year earlier and up 1.1 percentage points from 44.2 percent in May.

Penetration of NEVs from local Chinese brands at wholesale in June was 60.7 percent, compared to 34.4 percent for luxury brands and 7.4 percent for mainstream JV brands.

Passenger NEVs exported from China stood at 80,000 units in June, up 12.3 percent year-on-year but 15.2 percent lower than in May, contributing 21 percent of passenger car exports.

BEVs contributed 72.6 percent of June's NEV exports, with exports of A0- and A00-class BEVs accounting for 27 percent of China-branded NEV exports, according to the CPCA.

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