# passenger car retail

China’s January Car Retail Slumps Month-on-Month but EVs Now Nearly Half the Market

January retail sales of China’s narrow passenger-car market are estimated at about 1.8 million units, down 20.4% from December but roughly flat year-on-year. NEVs made up around 800,000 of those sales, reaching a 44.4% retail penetration and underscoring the swift structural shift toward electrified vehicles.