--- title: "China NEV retail sales in Feb 1-8 rise 42% year-on-year due to last year's low base" type: "News" locale: "en" url: "https://longbridge.com/en/news/275622671.md" description: "China's new energy vehicle (NEV) retail sales surged 42% year-on-year from February 1-8, reaching 119,000 units, attributed to a low base from last year's Spring Festival. However, year-to-date cumulative retail sales are down 14% at 715,000 units. Wholesale sales also increased by 39% year-on-year to 125,000 units. Overall passenger vehicle retail sales rose 54% year-on-year to 328,000 units, with a NEV penetration rate of 36.4%. Despite the growth, cumulative retail sales of all passenger vehicles are down 7% year-on-year at 1.872 million units." datetime: "2026-02-11T14:34:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275622671.md) - [en](https://longbridge.com/en/news/275622671.md) - [zh-HK](https://longbridge.com/zh-HK/news/275622671.md) --- # China NEV retail sales in Feb 1-8 rise 42% year-on-year due to last year's low base > - The 2025 Spring Festival holiday ran from January 28 to February 4, while this year's holiday period falls from February 15 to 23. > - Year-to-date cumulative retail sales of NEVs in China totaled 715,000 units, down 14% year-on-year. (A Hongqi E-HS9 displayed at the Shanghai auto show in April 2025. Image credit: CnEVPost) China's new energy vehicle (NEV) retail sales in the first week of February showed robust year-on-year growth, primarily due to the low base caused by the Spring Festival holiday last year. From February 1-8, China's passenger NEV retail sales reached 119,000 units, up 42% year-on-year and up 41% month-on-month, according to data released Wednesday by the China Passenger Car Association (CPCA). The 2025 Spring Festival was on January 29, with the statutory holiday period running from January 28 to February 4. This year's Spring Festival falls on February 17, with the holiday spanning February 15-23. Join us on Telegram or Google News The Spring Festival holiday typically has a significant impact on industrial production, as Chinese residents generally take time off to reunite with family. The robust month-on-month growth also stems from the low base at the end of last month. Entering 2026, Chinese consumers began facing additional NEV purchase tax costs and the phase-out of trade-in subsidies, leading to sluggish vehicle sales in early January. Year-to-date, China's passenger NEV cumulative retail sales were 715,000 units, down 14% year-on-year. China's passenger NEV wholesale sales from February 1-8 totaled 125,000 units, up 39% year-on-year and up 3% month-on-month. Year-to-date, China's passenger NEV cumulative wholesale sales were 989,000 units, up 1% year-on-year. From February 1-8, China's total passenger vehicle retail sales reached 328,000 units, up 54% year-on-year and up 37% month-on-month. Year-to-date, China's cumulative retail sales of all passenger vehicles came in at 1.872 million units, down 7% year-on-year. This indicates that China's NEV retail penetration rate stood at 36.4% during February 1-8 and 38.19% year-to-date. During the first week of February, February 1-8, China's average daily retail sales of passenger vehicles were 40,953 units. From February 1-8, China's wholesale sales of all passenger vehicles totaled 284,000 units, a 46% increase year-on-year and a 3% increase compared to the same period last month. During February 1-8, China's average daily wholesale sales of passenger vehicles were 35,528 units. Year-to-date wholesale sales of passenger vehicles in China were 2.257 million units, down 2% compared to the same period last year. China Jan NEV sales stay flat year-on-year as exports remain strong Domestic NEV sales in China fell 18.9% year-on-year in January, while NEV exports doubled to a record high. ### Related Stocks - [516380.CN](https://longbridge.com/en/quote/516380.CN.md) - [515030.CN](https://longbridge.com/en/quote/515030.CN.md) - [CARZ.US](https://longbridge.com/en/quote/CARZ.US.md) - [KARS.US](https://longbridge.com/en/quote/KARS.US.md) - [516390.CN](https://longbridge.com/en/quote/516390.CN.md) ## Related News & Research - [BYD delays flagship electric SUV launch as preorders surge to over 100,000](https://longbridge.com/en/news/286797437.md) - [Volvo reveals EX60 prices start at under $60,000 with over 300 miles rangeof](https://longbridge.com/en/news/286808075.md) - [Growth in global electric vehicle sales expected to continue in 2026](https://longbridge.com/en/news/287007295.md) - [GWM launches Wey V9X flagship SUV to step up efforts in premium NEV market](https://longbridge.com/en/news/286780461.md) - [Top automakers by China NEV exports in April: BYD 130,042 units, Chery 57,910](https://longbridge.com/en/news/286351868.md)