- In February, China's retail sales of all passenger vehicles were 1,397,000 units, up 26 percent year-on-year, but 22 percent lower than in January.
- So far this year, cumulative wholesale sales of passenger NEVs in China totaled 1.732 million units, up 49 percent year-on-year.
Retail sales of new energy vehicles (NEVs) in China continued to see a sequential decline in February, though the rate of decline narrowed significantly.
In February, retail sales of passenger NEVs in China totaled 720,000 units, up 85 percent year-on-year, but down 3 percent from January, according to preliminary data released today by the China Passenger Car Association (CPCA).
In January, retail sales of passenger NEVs in China were 744,000 units, up 10.5 percent year-on-year but 42.9 percent lower than in December, according to data released by the CPCA last month.
The higher year-on-year growth was mainly due to the fact that last year's Chinese New Year holiday was all in February -- February 10-17 -- while this year the holiday ran from January 28 to February 4.
So far this year, cumulative retail sales of China's passenger NEVs were at 1.465 million units, up 38 percent year-on-year, according to the CPCA.
Wholesale sales of China's passenger NEVs in February were 842,000 units, up 82 percent year-on-year, but 5 percent lower than in January.
So far this year, cumulative wholesale sales of passenger NEVs in China totaled 1.732 million units, up 49 percent year-on-year.
In February, China's retail sales of all passenger vehicles amounted to 1.397 million units, up 26 percent year-on-year, but 22 percent lower than in January.
So far this year, cumulative retail sales of all passenger cars in China totaled 3.191 million units, up 1 percent year-on-year.
This means that China's NEV penetration at retail stood at 51.54 percent in February and 45.91 percent so far this year.
In the first week of February -- February 1-9 -- average daily retail sales of passenger cars in China were 26,528, down 31 percent year-on-year and down 39 percent from the same period last month.
In the second week of February -- February 10-16 -- average daily retail sales of passenger cars in China were 48,910, up 91 percent year-on-year but 17 percent lower than in the same period last month.
In the third week of February -- February 17-23 -- average daily retail sales of passenger cars in China were 49,013, up 33 percent year-on-year but 33 percent lower than in the same period last month.
In the fourth week of February -- February 24-28 -- average daily retail sales of passenger cars in China were 94,541, up 46 percent year-on-year and up 57 percent from the same period last month.
Wholesale sales of all passenger cars in China in February were 1.781 million units, up 35 percent from a year ago but down 15 percent from a month earlier.
From February 1-9, China's average daily wholesale sales of passenger cars were 24,379 units, flat year-on-year but down 58 percent from the same period last month.
During February 10-16, average daily wholesale sales of passenger cars were 52,656, up 169 percent year-on-year but down 21 percent from the same period last month.
During February 17-23, average daily wholesale sales of passenger cars were 57,916, up 53 percent year-on-year but down 22 percent from the same period last month.
During February 24-28, China's average daily wholesale sales of passenger cars were 157,432, up 13 percent year-on-year and up 112 percent from the same period last month.
So far this year, China's passenger car wholesale sales are up 13 percent year-on-year to 3,882,000 units.
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