CPCA: September 1-30 New Energy Vehicle Retail in China Drops 12% Year-on-Year to 1.141 Million Units

36Kr reports that the CPCA released data showing that from September 1-30, total passenger car retail nationwide reached 1.702 million units, a 24% year-on-year decline, up 10% month-on-month; cumulative retail for the year stands at 13.418 million units, down 21%. During the same period, new energy vehicle (NEV) retail hit 1.141 million units, marking a 12% year-on-year drop but a 14% month-on-month increase; cumulative NEV sales for the year total 7.816 million units, down 12%. The NEV market penetration rate was 67.1%, while manufacturer wholesale penetration reached 66.1%.