In Pictures: CPCA forecasts China NEV retail sales of 1.07 million in October, down 16.5% year-on-year

China's NEV retail sales are forecast to fall 16.5% year-on-year to about 1.07 million units in October, according to the CPCA.

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NEV penetration is expected to ease slightly to 66.9% as overall passenger car retail sales drop 28.9% year-on-year.

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The CPCA's October forecast points to weakening seasonal momentum for China's new energy vehicle market.

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China's NEV retail sales are projected at roughly 1.07 million units in October, down 16.5% from a year earlier.

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Overall passenger car retail sales are forecast at 1.6 million units in October, a 28.9% year-on-year decline.

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The CPCA expects NEV penetration to slip to 66.9% in October as traditional seasonal momentum weakens.

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China's new energy vehicle retail sales are set to decline 16.5% year-on-year in October, per CPCA forecasts.

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The October outlook from the CPCA underscores a softer NEV market as seasonal demand fades.

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CPCA data forecast China's NEV retail sales at about 1.07 million units in October, with overall passenger car sales at 1.6 million.

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