JAC sells 7,671 EVs in April, down 46% from March - CnEVPost

JAC sells 7,671 EVs in April, down 46% from March

JAC sold 27,387 units of all models in April, down 48.4 percent from 53,034 units in the same month last year.

JAC sells 7,671 EVs in April, down 46% from March-CnEVPost

Jianghuai Automobile Group Co (JAC), NIO's vehicle manufacturing partner, sold 7,671 pure electric passenger vehicles in April, the company announced today.

That's down 28.2 percent from 10,681 units a year ago and down 46.2 percent from 14,264 in March.

JAC did not specify, though as is industry practice, its EV sales figures should include NIO vehicles.

NIO delivered 5,074 vehicles in April, down 49 percent from 9,985 in March and 29 percent from 7,102 in the same month last year, the company's data released on May 1 showed.

This means that JAC's own brand of electric vehicles sold about 2,597 units in April, down from 4,279 units in March.

JAC sold 27,387 units of all models in April, down 48.4 percent from 53,034 units in the same month last year.

JAC exported 6,115 vehicles in April, down 3.7 percent from 6,352 units in the same month last year.

Early last month, NIO increased its stake in its joint venture with JAC, Jianglai Advanced Manufacturing Technology (Anhui) Co, from 49 percent to 50 percent.

On March 31 last year, Jianglai was officially established with a registered capital of RMB 500 million, 49 percent owned by NIO and 51 percent by JAC.

Phate Zhang/CnEVPost: Phate is the founder and main author of CnEVPost. He has been reporting since 2009, mainly on macroeconomics and capital markets. Contact via: [email protected]
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