In the first half of 2026, China's passenger vehicle retail sales reached only 8.701 million units, down 20.2% year-on-year. Domestic brands' market share climbed to 71.8%, while joint ventures fell across the board, with Honda's sales declining 34.7%.
1711 day ago
In June 2026, China's passenger car retail market reached 1.602 million units, down 23.2% year-over-year. Fuel vehicle retail plummeted 39%, while NEV penetration held steady at a historic high of 62.8%, with domestic brands capturing 68.6% market share.
4831 day ago
On July 13, Seres announced controlling shareholder Chongqing Sokon Holding plans to purchase RMB 150M-300M of A-shares within 6 months through centralized bidding, using own funds. Sokon Holding currently holds 401 million shares, representing 22.99% of total equity. Meanwhile, Seres' new brand AIVA's first mass-production model AIVA ME7 is slated for release this year, targeting the 100,000 to 200,000 yuan range.
4653 days ago
China's passenger vehicle retail sales fell 20.2% YoY to 8.701 million units in H1 2026, with both ICE and NEV segments declining. June NEV penetration remained at 62.8%, but PHEV and EREV sales dropped significantly. Exports became the standout performer, reaching 4.252 million units in H1, up over 70% YoY.
5205 days ago
On July 1, multiple automotive brands launched July purchase incentives. Luxeed Z7/Z7T offers up to 48,000 yuan in limited-time benefits, Tank 400 Hi4-Z/Hi4-T enjoys up to 75,000 yuan in purchase benefits, smart #1 starts at 142,900 yuan, and FAW Toyota Crown Kluger offers up to 16,000 yuan in subsidies.
26116 days ago
In the first week of June 2026, China's passenger vehicle market reached a historic milestone: NEV retail penetration rate hit 66.7% for the first time, meaning two of every three new cars sold were new energy vehicles. From breaking 50% in 2024 to exceeding 66% in 2026, China's auto electrification is accelerating.
31917 days ago
In May 2026, China's new energy vehicle retail penetration rate surpassed the 60% threshold for the first time, marking the official transition of internal combustion engine vehicles from market mainstream to secondary choice. Behind this historic milestone lies the triple resonance of technological maturity, shifting consumer perceptions, and charging infrastructure completeness. For Central Asian and Russian buyers following Chinese vehicle exports, understanding this structural shift helps anticipate future import model selection trends.
48654 days ago
EX1000
