The domestic market share of new energy vehicles is experiencing swift growth, while the proportion of traditional fuel vehicles in China's passenger vehicle market is diminishing at an increasingly rapid rate. According to the latest data from the Passenger Car Market Information Joint Conference Branch of the China Automobile Dealers Association, in September 2026, the share of fuel vehicle sales dropped below one-third for the inaugural time, with the penetration rate of new energy vehicles soaring to an all-time high of 67%.
