China¡¯s NEV production, sales down 29.9% and 34.2% in September: CAAM

China’s production and sales of new energy vehicles (NEVs) continued to decline in September, the China Association of Automobile Manufacturers (CAAM) said on Monday. The country produced 89,000 units of NEVs last month, down 29.9% year-on-year.

NEV sales fell by 34.2% YoY to 80,000 units in September, CAAM said, after a drop of 15.8% in August.

For the first nine months of 2019, sales stood at 872,000 units, up 20.8% from a year earlier, while production rose by 20.9% on an annual basis to 888,000 units.

CAAM data also showed that car sales fell for the 15th consecutive month in September. Sales dropped 5.2% from the same month a year earlier to 2.27 million units. Auto sales in January-September were 10.3% lower than the same period of 2018.

According to data from the China Passenger Car Association (CPCA), retail sales of passenger vehicles in China fell 6.6% YoY to 1.81 million units in September. On a monthly basis, retail sales of sedans, multi-purpose vehicles (MPVs), sport utility vehicles (SUVs) and minivans increased by 13.8%.

For the first nine months of 2019, sales stood at 15.03 million units. That was down 8.6% from the same period last year.

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