Overview
- China Passenger Car Association data show November retail at 2.225 million vehicles, down 8.1% year over year, while production, wholesale and exports reached monthly records.
- NEV domestic retail penetration rose to 59.3% in November, with 1.321 million NEVs sold for a 4.2% annual increase as gasoline models fell 22%.
- The association forecasts very strong NEV retail in December due to the end of NEV purchase‑tax exemptions, and notes temporary maker tax‑subsidy offers to ease delivery‑timing costs.
- Harmony Intelligent Mobility Alliance’s five brands announced deeper collaboration, including a cross‑brand shared after‑sales network, standardized cockpit and driving tech, and joint charging build‑out; Huawei’s Yu Chengdong said the next million deliveries could be achieved in roughly a dozen months after the first million took 43 months.
- Automaker updates underscored the shift: Chery posted November sales of 272,536 vehicles with NEVs at 116,794 (up 50.1%) and exports at 136,728, while Xiaomi logged 46,249 NEV retail for the month and surpassed 500,000 cumulative deliveries; HIMA also unveiled the Zhijie V9 flagship MPV and said the Shangjie brand plans a high‑end coupe next spring.