China NEV Monthly Wholesale Sales (CPCA) 2024-2026
Month
2024
2025
2026
January
689,000
889,000
864,000
February
446,870
830,000
723,000
March
815,180
1,128,000
1,144,000
April
788,443
1,133,000
1,225,000
May
897,347
1,216,000
1,352,000
June
982,593
1,241,000
1,481,000
July
945,000
1,181,000
1,446,000
August
1,050,027
1,282,000
1,510,000
September
1,231,000
1,500,000
October
1,369,000
1,621,000
November
1,438,000
1,706,000
December
1,512,000
1,563,000
China passenger NEV wholesale sales — CPCA
2024
2025
2026
*Aug 2026 figure is CPCA estimate
Source: CPCA
© CnEVPost
- China’s wholesale sales of passenger NEVs are expected to rise 16% year-on-year to 1.51 million units in August.
- The back-to-school season typically supports replacement demand in late August, but market activity failed to rebound as expected this year, the CPCA said.
China’s wholesale sales of passenger new energy vehicles (NEVs) are estimated to have reached 1.51 million units in August, up 16% year-on-year, extending a recovery following a pullback earlier this year.
The estimated volume rose 4% from July, with wholesale growth continuing to outpace the overall passenger vehicle market, according to preliminary data released Wednesday by the China Passenger Car Association (CPCA).
However, stronger wholesale sales have yet to fully filter through to the retail market. The CPCA said China’s August NEV market was marked by record penetration and rising wholesale volumes, but weak retail demand.
High oil prices and an improved product offering continue to push consumers toward electric vehicles. Leading automakers’ accelerated shift to electrification also supported wholesale volumes.
At the same time, a seasonal lull, weak consumer sentiment, a high comparison base and dealer inventory pressure continued to weigh on demand.
The back-to-school season typically supports replacement demand in late August, but market activity failed to rebound as expected this year, the CPCA said.
That suggests the industry has entered a bottoming and recovery phase, though September and October data will be needed to gauge the strength of the peak season.
Growth also broadened among automakers. BYD (HKEX: 1211), Geely Auto (HKEX: 0175), Chery Auto (HKEX: 9973) and Leapmotor (HKEX: 9863) all posted record August NEV wholesale sales.
GWM (HKEX: 2333), Xpeng (NYSE: XPEV), Nio Inc (NYSE: NIO), SAIC-GM-Wuling, SAIC Passenger Vehicle and Arcfox also set August records.
SAIC-GM, GAC Toyota, GAC Trumpchi and Changan Mazda were among the other manufacturers posting their best-ever August results, showing that electrification-driven growth has spread from Chinese brands and EV startups to more joint ventures.
Company-reported data previously compiled by CnEVPost also showed that BYD and Leapmotor set year-to-date or all-time monthly records in August. However, deliveries by Huawei-backed HIMA (Harmony Intelligent Mobility Alliance) declined year-on-year, underscoring the uneven nature of the industry’s growth.
Those company figures include global sales or deliveries and are not directly comparable with the CPCA’s estimate of passenger NEV wholesale sales in China.
The CPCA’s latest estimate is based on manufacturers whose NEV wholesale volumes exceeded 10,000 units in July. Their combined sales accounted for 93% of China’s total passenger NEV wholesale volume that month.
A preliminary tally put the group’s August NEV sales at about 1.41 million units. Based on their previous market share, the CPCA estimated nationwide wholesale volume at about 1.51 million units.
China passenger NEV wholesale sales (Aug 2026)
China passenger NEV wholesale sales (Aug 2026)
Rank
Automaker
NEV Wholesale Sales
1
BYD
433,384
2
Geely
173,675
3
Chery
115,558
4
Leapmotor
103,129
5
Tesla China
86,166
6
SAIC-GM-Wuling
70,941
7
SAIC Passenger Vehicle
57,708
8
Changan
57,092
9
GWM
40,695
10
GAC Aion
39,232
11
Xpeng
39,107
12
Li Auto
37,679
13
Nio
35,836
14
Xiaomi Auto
30,000
15
Dongfeng
24,664
16
Seres
20,652
17
Arcfox
17,094
18
SAIC-GM
12,654
19
GAC Toyota
12,596
20
GAC Trumpchi
8,720
21
SAIC-Volkswagen
7,386
22
FAW Bestune
7,185
23
IM Motors
6,163
24
Dongfeng Nissan
5,758
25
Changan Mazda
5,479
26
Spotlight
5,448
27
BAIC
4,366
28
FAW Hongqi
3,786
29
Seres Hubei
3,018
30
JAC
2,950
31
FAW Toyota
2,580
32
Beijing Automobile Works
2,517
33
FAW-Volkswagen
2,427
34
JMEV
1,803
35
Yueda Kia
885
36
BMW Brilliance
750
37
SAIC Maxus
720
38
Livan Auto
675
39
Others
29,522
Leapmotor and Zeekr continued to set records, while Xpeng and Li Auto returned to sequential growth.
