China Passenger Car Association: Wholesale sales of new energy passenger vehicles by manufacturers in June 2023

New energy passenger car market forecast for June

In 2023 , the new energy vehicle market showed an independent trend of rising month by month. With the launch of a large number of competitive new products in the second quarter, price promotions continued to increase, and consumers' purchasing enthusiasm was gradually released. In order to achieve the half-year target, various manufacturers and dealers actively carried out various promotional activities. Local subsidies and corporate half-year sales incentives supported the continued rise in terminal retail sales month-on-month.

Due to the low base last year and the continued strong export of new energy passenger vehicles in China, the new energy markets at home and abroad have been strengthened simultaneously. In June , the national new energy passenger vehicle market maintained strong growth, and the overall auto market continued the strong trend in May , with sales reaching a historical high.

According to the China Passenger Car Association , in the national passenger car market in May 2023, the wholesale sales of 12 manufacturers with new energy sales of more than 10,000 units accounted for 82.8 % of the total monthly sales of new energy passenger cars . The estimated sales of these companies in June were 611,000 units. According to the normal structure and proportion, it is predicted that the national new energy passenger car sales in June will be 740,000 units.

The development advantages of new energy passenger vehicles in China will continue to consolidate and expand in 2023. The China Passenger Car Association estimates that the wholesale sales of new energy passenger vehicle manufacturers of the China Passenger Car Association in June will be 740,000 units, a month-on-month increase of 10% and a year-on-year increase of 30% . It is estimated that the wholesale sales of new energy passenger vehicles of passenger vehicle manufacturers nationwide from January to June will be 3.53 million units, a year-on-year increase of 44% .

The China Passenger Car Association predicts that China's new energy passenger car sales will reach 8.5 million units in 2023 , and narrow passenger car sales will reach 23.5 million units. The annual new energy vehicle penetration rate is expected to reach 36% . The current operating status is basically consistent with the forecast.

New energy wholesale sales of major manufacturers in June