Passenger vehicle retail sales in China are expected to amount to 2.2 million units in January this year, up 70.2 percent year on year from the low base in the same period last year, while decreasing by 6.5 percent month on month, according to the China Passenger Car Association (CPCA) based on the preliminary statistics.
In January, new energy passenger vehicle retail sales will likely total 800,000 units, down 15.3 percent month on month, with the market share of NEVs reaching 36.4 percent for the given period.