China Passenger Car Association: Preliminary estimates suggest that the retail sales of new energy vehicles in September could reach around 1.25 million units, with a penetration rate of 58.1%.

According to the Wise Finance and Economics APP, the China Passenger Car Association indicated that with the traditional peak season for sales "Golden September and Silver October" approaching, manufacturers are intensifying their efforts to boost sales at the end of the quarter. However, adjustments and tightening of policies for trading in old cars for new ones in various regions have also brought some uncertainties to the future market. Considering that the same period last year had a relatively high base due to the promotion of policies for trading in old cars for new ones, it is expected that the car market in September will show a stable growth trend, with a slightly narrowed year-on-year growth rate. The China Passenger Car Association preliminarily estimates that the total retail market for narrow passenger cars in September is expected to be around 2.15 million vehicles, a month-on-month increase of 6.5% and a year-on-year increase of 2.0%. Among them, the retail sales of new energy vehicles are expected to reach around 1.25 million vehicles, with a penetration rate of 58.1%.