Passenger Link Branch: The wholesale sales volume of new energy passenger car manufacturers across the country is expected to reach 1.51 million vehicles in August, up 16% year on year

The Zhitong Finance App learned that in August 2026, the China Passenger Transport Association published an article stating that in August 2026, the wholesale sales volume of NEV manufacturers across the country is estimated to reach 1,510,000 units, up 16% year on year and 4% month-on-month, achieving double digit growth, indicating that the NEV sector has entered a strong bottom recovery channel after experiencing early adjustments. This growth rate was significantly higher than the overall car market during the same period, and new energy vehicles became the core engine for stabilizing the steady development of the passenger car market.

In August 2026, the NEV passenger car market presented a complicated situation of “a record high penetration rate but total volume is under pressure, wholesale sales are booming, but retail sales are weak”. Continued high oil prices and optimized product supply are still the core factors supporting new energy sources, but seasonal off-season, weak macro consumption, high base effect, and channel inventory pressure are significant constraints. Since the beginning of the school season in late August is supposed to be the peak season for car purchases and exchanges, the trend in late August this year clearly does not have a normal recovery in popularity. The market has moved from the “recovery channel” in August to the “bottom storage” stage, and the actual peak season market is yet to be verified by “gold, nine, silver, ten”.

Benefiting from the accelerated electrification transformation of leading car companies and driven by the consumer environment, many mainstream car companies set new historical records for the same period in August, confirming the remarkable results of the electrification transformation of domestic car companies. Vehicle companies such as BYD Auto, Geely Auto, Chery Auto, SAIC-GM-Wuling, SAIC Passenger Vehicle, Great Wall Motor, Xiaopeng Motor, NIO Auto, Jihu Auto, SAIC-GM, GAC Toyota, GAC Trumpchi, and Changan Mazda all recorded the best sales of new energy in August this month. These car companies cover autonomous, joint ventures and new power brands, indicating that the electrification transformation has evolved from a “few pioneers” to an “industry-wide consensus”. The pace of technology iteration and new product launch has accelerated, and market performance continues to improve.

In the national passenger car market in July 2026, the sum of the sales volume of manufacturers with a wholesale sales volume of 10,000 or more new energy vehicles accounted for 93% of the total sales volume of NEV passenger vehicles in the month. According to current preliminary summary data, manufacturers that sold 10,000 new energy vehicles or more in July sold 1.41 million units in August. Currently, most manufacturers have basically locked in large sales, so according to the July structure combined with August data, it is estimated that the wholesale sales volume of new energy passenger vehicles nationwide in August was 1.51 million units.

In summary, according to preliminary monthly passenger data synthesis, passenger car manufacturers across the country estimated 1.51 million new energy vehicles in August 2026, up 16% year on year and 4% month on month.

Note: Since the data of the China Express Report may differ from the manufacturer's final draft data, please do not directly compare the specific vendor data in this edition with the final historical data to prevent misunderstandings.

Fast report on wholesale sales of new energy from major passenger car manufacturers in August