The China passenger vehicle market joint conference announced that in the first two weeks of July, the retail sales of passenger vehicles were 0.578 million vehicles, a year-on-year increase of 3%, an increase of 6% compared with the same period last month. Since this year, cumulative retail sales have been 10.417 million vehicles, a year-on-year increase of 3%. In the same period, passenger vehicle manufacturers in the country wholesale 0.449 million vehicles, a year-on-year decrease of 23%, a decrease of 15% compared with the same period last month, and the cumulative wholesale is 12.201 million vehicles, a year-on-year increase of 5%.

Data shows that in the first two weeks of July, the retail sales of electric vehicles were 0.286 million vehicles, a year-on-year increase of 27%, an increase of 6% compared with the same period last month. Since this year, cumulative retail sales have been 4.399 million vehicles, a year-on-year increase of 33%. In the same period, national passenger vehicle manufacturers wholesale 0.251 million new energy vehicles, a year-on-year increase of 10%, a decrease of 13% compared with the same period last month, and the cumulative wholesale is 4.87 million vehicles, a year-on-year increase of 29%.