China Auto

BEVs recorded retail sales of 686,000 units in August, marking a 17.2 percent year-on-year increase and a 13.0 percent rise from July.

China's Vehicle Inventory Alert (VIA) Index stood at 57.0 percent in August, indicating the automotive industry remains in contraction territory.

Automakers that only produce NEVs had an inventory of 780,000 units at the end of July, down from 800,000 units at the end of June.

China's July automobile dealer inventory factor was 1.35, below the alert line of 1.50 but above the reasonable range.

In the first seven months of the year, China's passenger NEV production totaled 7,589,000 units, a year-on-year increase of 35.7 percent.

BEVs sold 607,000 units in July, up 24.5 percent year-on-year, but down 8.1 percent from June.

China's July Vehicle Inventory Alert (VIA) Index stood at 57.2 percent, indicating that the automotive industry remains in a contractionary phase.

Automakers that only produce NEVs had an inventory of 870,000 units at the end of June, down from 880,000 units at the end of May.

China's June automobile dealer inventory factor was 1.42, below the alert line of 1.50 but above the reasonable range.

In the first six months, China's passenger NEV production was 6,457,000 units, a year-on-year increase of 38.7 percent.