The China Association of Passenger Cars (CPCA) announced that wholesale sales of new energy vehicles (NEVS) in China totaled 1.47 million units in July this year, up 23.0 percent from last year and down 1.0 percent month-on-month. The year-on-year growth in July is the strongest in a single month in 2026, while the month-on-month decline was more moderate than the seasonal figure, indicating that China's new energy vehicle sector is starting to show a recovery trend..
NEV have become the main bright event in the passenger car market, but in general, the automotive market is still under pressure and is developing sluggishly.
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