In Pictures: China October NEV retail sales fall 10% year-on-year to 1.148 million, CPCA preliminary data shows

China's NEV retail sales fell 10% year-on-year in October even as the penetration rate climbed to a record 67.8%.

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The CPCA preliminary data showed NEV retail sales rising 6% from September despite the annual decline.

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NEVs accounted for a record share of China's passenger car market in October as overall retail sales dropped 25%.

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Charging infrastructure continues to expand as China's NEV fleet grows and penetration hits new highs.

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October's NEV retail result of 1.148 million units reflects shifting momentum in the world's largest auto market.

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The record 67.8% NEV penetration rate underscores the rapid electrification of China's passenger car sales.

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Preliminary CPCA figures point to a mixed October for China's auto sector, with NEVs down year-on-year but up sequentially.

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NEV retail sales reached 1.148 million units in October, according to preliminary CPCA data.

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China's NEV market remains closely watched as penetration climbs despite softer year-on-year retail volumes.

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