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
1,510,000
July
945,000
1,181,000
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
*Jun 2026 figure is CPCA estimate
Source: CPCA
© CnEVPost
- High oil prices are suppressing demand for gasoline cars, which, coupled with booming exports, has pushed NEVs into a clear recovery lane.
- BYD topped the ranking with nearly 400,000 units in passenger NEV wholesale volume, as multiple major automakers set new records for the month of June.
China’s new energy vehicle (NEV) wholesale volume in June is expected to post double-digit growth both year-on-year and month-on-month, signaling that the sector has entered a clear recovery lane after a period of adjustment.
Wholesale volume of passenger NEVs from automakers in China is estimated to reach 1.51 million units in June, up 22% from a year earlier and 12% from May, according to preliminary data released by the China Passenger Car Association (CPCA) on Thursday.
The growth rate significantly outpaced that of the overall car market during the same period, making NEVs the core engine driving the growth of China’s passenger car market, the CPCA said.
The CPCA attributed the strong growth to three factors: elevated oil prices, optimized supply and surging exports.
Affected by disruptions to shipping through the Strait of Hormuz, retail prices of refined oil products in China have remained at high levels. The cost of using conventional gasoline cars has risen sharply, dampening consumers’ willingness to buy them.
Against this backdrop, demand is accelerating its shift toward NEVs, providing support for sales of such models.
The supply side is also responding faster. Major automakers are proactively converting gasoline car production capacity to NEVs, driving June wholesale volume up more than 10% from the previous month.
Meanwhile, overseas markets are seeing explosive growth. High international oil prices have fueled a surge in overseas consumers’ demand for low-consumption, cost-effective NEVs.
Leveraging mature electrification technology and notable cost advantages, Chinese homegrown brands are strongly substituting for gasoline cars overseas. Their expanding export scale is in turn boosting domestic production and sales.
For reference, China exported 424,000 NEVs in May, surging 112.6% year-on-year and accounting for 54% of total passenger car exports, a record high.
NEV wholesale volume in May was 1.35 million units, up 11.2% from a year earlier.
At the company level, multiple major automakers set new records for the month of June in NEV wholesale volume.
Automakers including BYD (HKEX: 1211), Geely Auto (HKEX: 0175), Chery (HKEX: 9973), Leapmotor (HKEX: 9863), SAIC-GM-Wuling, Nio Inc (NYSE: NIO) and Xpeng (NYSE: XPEV) all posted their best-ever June NEV wholesale results.
These automakers span homegrown brands, joint ventures and EV startups, indicating that the electrification transition has evolved from “a few pioneers” into “an industry-wide consensus,” the CPCA said.
According to the CPCA’s preliminary ranking, BYD topped the passenger NEV market with wholesale volume of 397,292 units, followed by Geely Auto in second place with 158,849 units and Chery in third with 106,900 units.
Leapmotor ranked fourth with 93,376 units, surpassing Tesla (NASDAQ: TSLA) China’s 89,091 units. Changan Auto, SAIC-GM-Wuling and SAIC Motor’s passenger car unit came next.
Among EV startups, Nio Inc delivered 40,597 units and Xpeng delivered 40,126 units, both hitting their highest monthly levels so far this year.
Li Auto (NASDAQ: LI) delivered 30,895 units, down 14.84% year-on-year, reflecting intensifying competition in the premium market.
China passenger NEV wholesale sales (Jun 2026)
China passenger NEV wholesale sales (Jun 2026)
Rank
Automaker
NEV Wholesale Sales
1
BYD
397,292
2
Geely
158,849
3
Chery
106,900
4
Leapmotor
93,376
5
Tesla China
89,091
6
Changan
79,737
7
SAIC-GM-Wuling
73,000
8
SAIC Passenger Vehicle
65,162
9
Dongfeng
42,585
10
Nio
40,597
11
Xpeng
40,126
12
GAC Aion
39,629
13
GWM
34,610
14
Li Auto
30,895
15
Seres
30,331
16
Xiaomi EV
30,000
17
Arcfox
25,237
18
GAC Toyota
14,351
19
GAC Trumpchi
13,816
20
SAIC-GM
10,218
21
FAW Bestune
9,881
22
IM Motors
8,000
23
Dongfeng Nissan
7,163
24
SAIC-Volkswagen
7,123
25
FAW Hongqi
6,512
26
Spotlight
5,931
27
Changan Mazda
4,168
28
BAIC
3,906
29
FAW-Volkswagen
3,706
30
FAW Toyota
3,301
31
Beijing Automobile Works
3,141
32
Seres Hubei
2,525
33
Yueda Kia
2,061
34
JMEV
2,018
35
BMW Brilliance
1,879
36
JAC
974
37
SAIC Maxus
842
38
Jimai New Energy Auto
740
39
Livan Auto
682
40
Beijing Hyundai
353
41
Others
19,292
Leapmotor, Nio and Xpeng each set their highest monthly delivery record so far this year in June.
