China EV sales create record-high penetrate rate in Jul

In July 2026, China's auto market entered its traditional off-season, with total sales falling 0.35% YoY to 2.58 million units. However, EV sales rose 23.69% YoY, driving the penetration rate to a record high. Exports remained strong at over 1 million units for the second consecutive month.

China's automotive industry remained broadly stable in July 2026, though the market entered its traditional off-season, with both month-on-month and year-on-year sales declining. However, the penetration rate of electric vehicles (EVs) hit a record high, with the decline largely driven by conventional fuel vehicles. In July, the auto market entered