market data

China NEV retail sales drop 13% in early October as penetration slips to 61.2%

China's NEV retail sales fell 13% year-on-year in October 1-11, extending a nine-month decline, while retail penetration slipped to 61.2% from September's record 67.0%. Wholesale NEV sales rose 6% year-on-year, pushing wholesale penetration to 78.1% on continued export strength.