China Passenger Car Association: The national new energy passenger car market sold 1.03 million vehicles in July 1-31, a 14% increase compared to July of last year.

According to the data from the China Passenger Car Association, from July 1st to 31st, the national retail sales of new energy passenger cars reached 1.03 million, an increase of 14% compared to July last year, but a decrease of 10% from the previous month. The retail penetration rate of the new energy market was 54.7%, with a total retail sales of 6.472 million cars this year, an increase of 30% compared to the same period last year. From July 1st to 31st, the national wholesale of new energy passenger cars from manufacturers was 1.179 million, an increase of 25% compared to July last year, but a decrease of 4% from the previous month. The wholesale penetration rate of new energy manufacturers was 53.8%, with a total wholesale of 7.627 million cars this year, an increase of 35% compared to the same period last year.