CPCA: Passenger car sales in China totaled 2.3 million units in December

The Chinese Passenger Car Association (CPCA) said that retail sales of passenger cars in China are expected to reach 2.3 million units in December this year, up 3.4 percent month-on-month and down 12.7 percent year-on-year.

In particular, retail sales of new energy vehicles in China are likely to reach 1.38 million units, up 4.5 percent month-on-month, and the NEV market penetration rate will be around 60 percent in December.