CPCA estimates September 2026 manufacturer wholesale volumes for China
new-energy passenger cars at 1.67 mln units, up 12% YoY and 11% MoM. Growth was
double-digit on both measures and materially outpaced the overall
passenger-vehicle market, underscoring NEVs as the primary driver stabilizing
passenger-car demand and signaling a firm bottoming/recovery following earlier
adjustment.