China's NEV penetration hits historic 61.4% in April as ICE sales collapse
4 hours ago
- #Market Shift
- #Automotive Sales
- #NEV Penetration
- NEV retail penetration surpassed 60% for the first time in April 2026 in China.
- Nine of the top ten best-selling passenger models were NEVs, with only one ICE vehicle (Geely Coolray) in 8th.
- ICE car sales saw a 'collapse-style' decline, dropping 37% YoY to 530,000 units.
- NEV retail sales reached 849,000 units in April, accounting for 61.4% penetration.
- Chinese brands led in NEV penetration at 80.1%, while luxury and joint ventures were lower.
- BYD, Geely, and Changan were top NEV manufacturers by retail volume.
- NEV exports surged 111.8% YoY, making up 52.7% of total passenger car exports.
- BYD, Chery, and Tesla China were the top NEV exporters.