Passenger vehicle retail sales in China are expected to amount to 1.75 million units in January this year, down 14.6 percent year on year, while decreasing by 33.6 percent month on month, according to the preliminary statistics issued by the China Passenger Car Association (CPCA).
In January, new energy passenger vehicle retail sales totaled 720,000 units, with the market share of NEVs estimated to have increased to 41.1 percent.