According to the CPCA Branch, the preliminary estimate indicates that the retail market size for narrowly-defined passenger vehicles in December will be approximately 2.3 million units, representing a 3.4% month-on-month increase and a 12.7% year-on-year decrease. Among them, the retail volume of new energy vehicles is expected to reach approximately 1.38 million units, with a penetration rate projected to hit 60%.
