Nio’s William Li Warns China Retail Auto Sales May Drop 15%-20% in 2026
China’s auto industry faces a challenging period, with forecasts predicting a 15% to 20% decline in retail sales due to weakening demand and market saturation.
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China’s auto industry faces a challenging period, with forecasts predicting a 15% to 20% decline in retail sales due to weakening demand and market saturation.
NIO says its intelligent driving code and models are about 95% shared across two platforms.
Specifically for the NEV market, the report points out that China’s share of the world new energy passenger car market was 68.4% in 2025, with the November figure reaching 73.7%.
From Dec 1–28, China’s passenger-vehicle (PV) retail sales reached 1.928M units (-17% YoY, -3% MoM), while wholesales totaled 2.134M units (-19% YoY).
China’s 2026 national auto trade-in subsidy program has been finalized. The eligibility window for scrappage replacements has been widened again, bringing more early NEV owners into scope.
China has established the largest EV charging network, achieving a two-to-five charger-to-car ratio, with significant growth in both public and private chargers during the 14th Five-Year Plan.