- So far this year, cumulative retail sales of passenger NEVs in China were 1,853,000 units, up 36 percent year-on-year.
- China's NEV penetration at retail was 55.31 percent from March 1-16 and 46.94 percent year-to-date.
The weekly data on China's overall auto industry shared by the China Passenger Car Association (CPCA) continues, although Li Auto (NASDAQ: LI) has stopped sharing weekly insurance registrations involving specific companies.
Retail sales of passenger new energy vehicles (NEVs) in China totaled 427,000 units in the March 1-16 period, up 41 percent from a year ago and up 63 percent from a month ago, data released today by the CPCA showed.
The sharp increase relative to February 1-16 remains largely due to a low base caused by the Chinese New Year holiday early last month. This year's Chinese New Year holiday was January 28-February 4. Last year the holiday was February 10-17.
So far this year, cumulative retail sales of China's passenger NEVs totaled 1.853 million units, up 36 percent year-on-year.
Wholesale sales of China's passenger NEVs from March 1-16 were 422,000 units, up 43 percent from a year earlier and up 64 percent from the same period last month, according to the CPCA.
Cumulative wholesale sales of China's passenger NEVs so far this year were 2.141 million units, up 47 percent from the same period last year.
From March 1-16, China's retail sales of all passenger vehicles were 772,000 units, up 24 percent compared with the same period last year and up 33 percent from the same period last month.
So far this year, cumulative retail sales of all passenger vehicles in China totaled 3.948 million units, up 5 percent from a year earlier.
This means that China's NEV penetration at retail was 55.31 percent from March 1-16 and 46.94 percent year-to-date.
In the first week of March -- March 1-9, average daily retail sales of passenger cars in China were 40,406, up 14 percent year-on-year and up 52 percent from the same period last month.
In the second week of March -- March 10-16, average daily retail sales of passenger cars in China were 58,329, up 34 percent year-on-year and up 19 percent from the same period last month.
For March 1-16, wholesale sales of all passenger cars in China were 874,000 units, up 25 percent year-on-year and up 49 percent from the same period last month.
From March 1-9, average daily wholesale sales of passenger cars in China were 44,822 units, up 26 percent year-on-year and up 84 percent from the same period last month.
From March 10-16, average daily wholesale sales of passenger cars in China were 67,234, up 24 percent year-on-year and up 28 percent from the same period last month.
So far this year, China's passenger car wholesale sales are 4.739 million units, up 15 percent compared to the same period last year.
The weekly data released by the CPCA and previously shared by Li Auto were among the most important figures for Chinese EV industry watchers tracking the sector.
However, the China Association of Automobile Manufacturers (CAAM) released an initiative yesterday calling on "individual companies" to stop publishing weekly sales charts.
Subsequently, Li Auto stopped sharing weekly insurance registration data.
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