New Energy Vehicle Exports Surge 138.8% in First Three Quarters
In the first three quarters of 2026, China exported 3.887 million new energy passenger vehicles, a year-on-year surge of 138.8%. During the same period, domestic retail sales reached 7.758 million units, a 12.8% decline. In September alone, new energy passenger vehicle retail sales dropped 16.7% year-on-year, while fuel vehicle sales fell by 43%.
New Energy Vehicle Exports Surge 138.8% in the First Three Quarters
In the first three quarters of 2026, China exported 3.887 million new energy passenger vehicles, a year-on-year increase of 138.8%. During the same period, domestic retail sales reached 7.758 million units, a year-on-year decrease of 12.8%. The growth in exports has become a key driver for automakers' sales growth.
In the domestic market, retail sales of new energy passenger vehicles fell by 16.7% in September, while sales of fuel-powered vehicles dropped by 43%. The article attributes the weakening demand to factors such as adjustments to car purchase subsidies and purchase tax incentives, as well as a high sales base from the same period last year.
Sina Finance: Original Article Link
