China to see 680K wholesale sales of passenger NEVs in October, CPCA estimates
SimonSkafar



According to estimates released by the China Passenger Car Association (CPCA), China's passenger NEV wholesale sales were about 680K units in October, up 1% from September and up about 87% Y/Y.
Monthly production and sales trends were muted, with leading manufacturers struggling to maintain growth, as per the association. The report said that for the 16 major automakers that contributed 83.3% of new energy vehicle sales in September, their estimated sales in October were 567,000 units.

A look at China's passenger NEV wholesale sales:




China's Covid controls have been tightened again amid a recent outbreak in several regions. This has led to disruptions in the flow of dealers and consumers and high sales pressure on car companies in Q4.
In terms of wholesale sales of new energy passenger vehicles, BYD (OTCPK:BYDDF) continued to occupy the top spot with sales of 217,518 units, Tesla China (TSLA) came in second with 71,704 units, and SAIC-GM-Wuling ranked third with 52,086 units, according to the CPCA.