China's plug-in hybrid vehicle retail sales hit a record high for the third consecutive month, while pure electric vehicle retail sales increased again, ending the two consecutive months of month-on-month decline。

With the continued strong growth of plug-in hybrid electric vehicles (PHEV) and the recovery of pure electric vehicle (BEV) sales, China's new energy vehicle (NEV) retail sales exceeded the 1 million mark in August。

According to data released today by the China Passenger Vehicle Association (CPCA), retail sales of passenger new energy vehicles in China reached a record 1,027,000 in August, exceeding 1 million for the first time in history。

The CPCA said the number was up 43 from the same period last year..2%, up 17% from July。

The figure is higher than the preliminary figure of 1,015,000 units released by the CPCA on September 4 and higher than the estimate of 980,000 units released late last month.。

Pure electric vehicle sales recovery and continued strong growth The growth of plug-in hybrid vehicle sales promoted the further growth of new energy vehicle sales last month。

August retail sales of pure electric vehicles were 58.30,000 vehicles, accounting for 56% of the total retail sales of new energy vehicles.8%。Year-over-year growth of 18.5%, up 20% from July.8%。

In July, China's retail sales of pure electric vehicles were 48.20,000 vehicles, down 1.6%, the second consecutive month of decline。

Retail sales of plug-in hybrid vehicles reached 44 in August.40,000 vehicles, accounting for 43% of the retail sales of new energy vehicles.2%, up 96.9%, up 12.2%。

This is the third consecutive month that China's plug-in hybrid vehicle sales have hit a record high.。

In August, the national retail sales of passenger cars, including sedans, SUVs, and MPVs, were 190.50,000 units, down 1% YoY and up 10.8%。

China's new energy vehicle retail penetration reaches record 53 in August.9%, up from 50% in March for the second month in a row k.

The penetration rate was 37% over the same period last year..3% increase 16.6 percentage points, up from 51 in July.1% increase 2.8 percentage points。

According to CPCA data, the retail penetration rate of local brand new energy vehicles in August was 75.9%, compared to 33 for luxury brands.5%, 8% for mainstream joint venture brands。

In August, China's wholesale sales of new energy vehicles for passenger cars 105.20,000 vehicles, up 31.7%, up 11.4%。

This is the second highest after 1,114,804 units sold in December last year.。

New Energy Vehicle Wholesale Penetration Reaches Record 48 in August.9%, up from 35% in the same period last year.6% increase of 13.3 percentage points, up from 48 in July.1% up 0.8 percentage points。

In August, the wholesale penetration rate of local new energy vehicles in China was 63%, while that of luxury brands was 43.2%, the mainstream joint venture brand is 7.8%。

China's passenger car new energy vehicle exports August sales 9.90,000 vehicles, up 23.7%, up 7.6%, accounting for 24% of passenger car exports。

According to statistics from the Federation of Passengers, pure electric vehicles accounted for 80% of new energy vehicle exports in August..8%, of which A0 and A00 grade pure electric vehicle exports accounted for 41% of new energy vehicle exports。