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On October 14, data released by the China Passenger Car Association (CPCA) revealed that between October 1 and 11, the retail sales of new energy passenger vehicles across the country amounted to 281,000 units. This marks a 13% decline year-on-year and a 7% decrease month-on-month. The cumulative retail sales for the year so far have reached 8.039 million units, also reflecting a 13% drop compared to the same period last year. Meanwhile, during the same timeframe, the wholesale volume of new energy passenger vehicles from manufacturers nationwide stood at 301,000 units, showing a 6% increase year-on-year but an 11% decrease month-on-month. The cumulative wholesale volume for the year has reached 11.75 million units, up by 9% from the previous year.
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