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
1,470,000
August
1,050,027
1,282,000
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
*Jul 2026 figure is CPCA estimate
Source: CPCA
© CnEVPost
- CPCA estimates China’s July NEV wholesales at about 1.47 million units, with year-on-year growth hitting its highest level so far in 2026.
- BYD, Geely and Tesla China were among more than a dozen automakers posting their best-ever July.
China’s new energy vehicle (NEV) wholesales are estimated to have risen 23% year-on-year in July, the fastest growth of any month in 2026, suggesting the sector’s recovery is taking hold.
Wholesales of passenger NEVs by manufacturers in China are estimated at 1.47 million units in July, down 1% from June, according to preliminary data released by the China Passenger Car Association (CPCA) on Tuesday.
The month-on-month decline was smaller than the seasonal index would suggest, the CPCA said. The overall vehicle market remained weak over the same period, with NEVs now the core growth engine of China’s passenger vehicle market.
The divergence between new energy and conventional models continues to widen. High fuel prices are the key external driver behind the strength of NEVs.
International oil prices moved higher amid renewed disruption to shipping through the Strait of Hormuz, and China’s retail fuel prices were raised twice in July, the CPCA noted.
Cumulative fuel price increases since the start of July came to nearly 985 yuan ($145) per ton, significantly lifting the cost of running a gasoline car.
Rising ownership costs have curbed appetite for gasoline vehicles, accelerating the shift in demand toward NEVs, the CPCA said.
Supply is improving in tandem. Mainstream automakers have optimized production scheduling and upgraded their supply chains, easing earlier delivery bottlenecks.
Exports are another source of incremental growth. High global oil prices are fueling explosive growth in overseas NEV demand.
Chinese local brands, with mature low-energy-consumption technology and strong cost performance, are displacing gasoline cars overseas and continue to win more orders, the CPCA said.
At the manufacturer level, a large number of automakers set record July wholesale figures, spanning local brands, joint ventures and startups.
They include BYD (HKEX: 1211), Geely Auto (HKEX: 0175), Chery (HKEX: 9973), Leapmotor (HKEX: 9863), Tesla (NASDAQ: TSLA) China, SAIC-GM-Wuling, SAIC Passenger Vehicle, Xpeng (NYSE: XPEV), Nio Inc (NYSE: NIO) and Great Wall Motor, all of which posted their best-ever July.
The CPCA’s estimate is based on automakers that sold more than 10,000 units at wholesale in June, whose combined NEV sales reached 1.38 million units in July.
Extrapolating from their June share, nationwide passenger NEV wholesales in July came to about 1.47 million units.
For comparison, China’s passenger NEV wholesales were 1.481 million units in June, up 19% year-on-year and 10% from May.
The CPCA earlier estimated July NEV retail sales at about 980,000 units, with penetration climbing to a record high of around 64.5 percent.
China passenger NEV wholesale sales (Jul 2026)
China passenger NEV wholesale sales (Jul 2026)
Rank
Automaker
NEV Wholesale Sales
1
BYD
411,072
2
Geely
158,145
3
Chery
122,082
4
Leapmotor
101,267
5
Tesla China
93,579
6
SAIC-GM-Wuling
61,526
7
Changan
61,517
8
SAIC Passenger Vehicle
56,064
9
Xpeng
38,027
10
Dongfeng
37,372
11
Nio
35,934
12
GWM
34,645
13
GAC Aion
32,333
14
Li Auto
30,468
15
Xiaomi EV
30,000
16
Arcfox
23,517
17
Seres
20,480
18
SAIC-GM
12,633
19
GAC Toyota
12,002
20
GAC Trumpchi
7,669
21
FAW Hongqi
6,628
22
FAW Bestune
6,379
23
Dongfeng Nissan
6,374
24
SAIC-Volkswagen
6,305
25
IM Motors
5,900
26
Changan Mazda
5,134
27
Spotlight
4,891
28
BAIC
3,667
29
Seres Hubei
3,642
30
Beijing Automobile Works
2,858
31
JMEV
2,081
32
FAW-Volkswagen
1,969
33
SAIC Maxus
1,797
34
JAC
1,277
35
FAW Toyota
1,258
36
Yueda Kia
1,115
37
BMW Brilliance
1,110
38
Livan Auto
1,008
39
Jimai New Energy Auto
710
40
Others
25,565
Nio, Xpeng and Li Auto all posted sequential declines, while Leapmotor and Zeekr reached new highs.
($1 = 6.7917 yuan)
