National NEV Passenger Car Wholesale Sales Hit 1.22 Million Units in April 2026, Up 7% YoY

In April 2026, nationwide wholesale sales of new energy vehicles (NEVs) by passenger car manufacturers reached 1.22 million units, up 7% year-over-year and 7% month-over-month. The monthly sales growth was primarily driven by three factors: First, high oil prices prompted consumers to shift from fuel-powered vehicles to NEVs, while optimized production-side supply schedules further boosted NEV sales, resulting in a record-high month-over-month growth rate. Second, the Beijing Auto Show attracted strong public interest, with an increased supply of new and updated models aligning well with market demand. Coupled with the approaching May Day holiday, rising demand for electric vehicles for travel led to robust sales performance at month-end. Third, amid persistently high global oil prices, Chinese domestic-brand NEVs continued to see growing exports, leveraging their generational product advantages and cost-effectiveness. The top three automakers by sales volume that month were BYD (314,100 units), Geely (135,591 units), and Chery (93,058 units). Other companies in the top ten included Tesla China (79,478 units), Leapmotor (71,387 units), Changan Automobile (57,370 units), SAIC-GM-Wuling (45,684 units), SAIC Motor Passenger Vehicle (43,139 units), Dongfeng Motor (37,499 units), and Li Auto (34,085 units).