GGII, citing compulsory auto insurance registration data, said China new-energy
vehicle (NEV) sales were about 5.108 million in 1H 2026, down 10% YoY amid a
halving of the purchase-tax exemption and seasonal and market headwinds. Higher
average battery capacity in NEV commercial vehicles lifted battery installations
to about 334.7 GWh in 1H 2026, up 16% YoY.