According to the China Passenger Car Association, China’s wholesale sales volume of new energy passenger vehicles reached 737,000 units in July, falling 3% compared to the previous month and growing by 31% from the same month a year ago.

In the first seven months of this year, the cumulative wholesale sales volume amounted to around 4.28 million tons, a year-on-year increase of 41%.

In terms of retail sales, the volume reached 641,000 units in July, a month-on-month fall of 3.6% and a year-on-year growth of 32%. The retail sales in the first seven months of the year totaled around 3.73 million units, a year-on-year increase of 36%.