CPCA Data Shows NEV Penetration Exceeds 63% in June, Electrification Progress Surpasses Expectations

The latest data from the China Passenger Car Association shows that in the first two weeks of June 2026, the national passenger vehicle NEV retail penetration rate reached **63.9%**, while the wholesale penetration rate hit **67.3%**, both setting new record highs. This data indicates that China's automotive electrification process is accelerating, with the annual NEV penetration rate expected to exceed 60%.