China NEV sales turn negative in September as margins fall to 3.6%
2026-10-10
Wallstreetcn reported on 10 October 2026 and Gasgoo on 12 October that China NEV sales turned negative in September, down 12% year on year, while passenger car retail reached 1.702 million units, down 24%; industry profit margin fell to 3.6%.
Falling demand and margins mean OEM cost pressure will continue to be passed to component suppliers. For busbar and structural component suppliers, quotation validity, material utilisation and automation level will decide whether a project is viable.
Source: Wallstreetcn (10 Oct 2026) / Gasgoo (12 Oct 2026).