China NEV penetration hits record 64.5% as BYD tops 419,000
China Passenger Car Association data for July 2026 showed passenger-car retail of about 1.52 million units, with NEVs at about 980,000 and record NEV penetration of 64.5%. BYD sold 419,211 vehicles (up 21.76% YoY) and 411,072 passenger cars. NIO, Zeekr, XPeng, Li Auto, Xiaomi, and Chery also reported July deliveries.

