- Retail sales of BEVs in February were 427,000 units, up 94.4 percent year-on-year and up 1.7 percent from January.
- Combined retail sales of PHEVs and EREVs were 259,000 in February, up 53.86 percent year-on-year but down 20.31 percent from January.
China's new energy vehicle (NEV) sales continued to decline last month, albeit at a reduced rate.
Retail sales of Chinese passenger NEVs in February totaled 686,000 units, up 79.7 percent year-on-year but down 7.8 percent from January, according to data released today by the China Passenger Car Association (CPCA).
The figure was lower than the 720,000 preliminary figure released by the CPCA on March 5, but higher than the 600,000-unit estimate it released late last month.
February's higher year-on-year growth was largely due to the fact that last year's Chinese New Year holiday was all in February -- February 10-17 -- while this year it ran from January 28 to February 4.
Retail sales of battery electric vehicles (BEVs) totaled 427,000 units in February, up 94.4 percent year-on-year and up 1.7 percent from January, the CPCA said.
BEVs contributed 62.2 percent of all NEV retail sales in February, up from 57.8 percent in January.
Plug-in hybrid electric vehicles (PHEVs), excluding extended-range electric vehicles (EREVs), sold 199,000 units at retail in February, contributing 29.0 percent of all NEV retail sales. This was up 83.4 percent year-on-year, but down 20.2 percent from January.
Retail sales of EREVs in February were 60,000 units, contributing 8.7 percent of NEV retail sales. This was up 11.8 percent year-on-year, but down 19.9 percent from January.
Combined retail sales of PHEVs and EREVs were 259,000 in February, up 53.86 percent year-on-year but 20.31 percent lower than in January.
China's passenger cars, including sedans, SUVs and MPVs, retailed 1,386,000 units in February, up 26.0 percent year-on-year but 22.8 percent lower than in January.
China's NEV penetration rate at retail was 49.5 percent in February, up 15 percentage points from a year earlier and up 8 percentage points from January.
NEV penetration at retail in February was 70 percent for local brands, 23 percent for luxury brands and 4 percent for mainstream JV brands, according to CPCA.
China's wholesale sales of passenger NEVs in February were 830,000 units, up 79.6 percent year-on-year, but 6.7 percent lower than in January.
The penetration rate of NEVs at wholesale was 47.0 percent in February, up 12 percentage points year-on-year and up 4.7 percentage points from January.
NEV penetration in February was 62 percent among local Chinese brands, 27 percent among luxury brands and 3 percent among mainstream JV brands.
Passenger NEVs exported from China amounted to 118,000 units in February, up 27.8 percent year-on-year but 15.2 percent lower than in January, contributing 33.9 percent of passenger car exports.
BEVs contributed 59 percent of January's NEV exports, and exports of class A0 and A00 BEVs accounted for 50 percent of NEV exports, according to the CPCA.
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