- In February, China's passenger NEV wholesale sales were estimated at 1.14 million units, up 37 percent year-on-year and up 37 percent from February.
- In the first quarter, China's passenger NEV wholesale sales were estimated at 2.86 million units, up 43 percent year-on-year.
China's overall new energy-vehicle (NEV) sales performance improved last month, as the slow season at the beginning of the year came to an end.
In February, wholesale sales of passenger NEVs in China were estimated at 1.14 million units, up 37 percent year-on-year and up 37 percent from February, the China Passenger Car Association (CPCA) said in a report today.
In the first quarter, wholesale sales of passenger NEVs in China were estimated at 2.86 million units, up 43 percent year-on-year, the CPCA said.
In February, manufacturers with passenger NEV wholesale sales of more than 10,000 units contributed 91.6 percent of all NEV wholesale sales in the month, the CPCA said.
The estimated sales of these carmakers in March are 1 million units, and based on last month's structure, China's March wholesale sales of passenger NEVs will be at 1.14 million units, the CPCA said.
In China, NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell vehicles. Their exact numbers are expected to be announced later this month.
After the Chinese New Year holiday, industries quickly shifted to normal operations, and China gradually entered a normal consumption period in March, the CPCA said.
This year's Chinese New Year holiday was from January 28 to February 4, a holiday that typically causes significant disruptions to industrial production and consumption.
Many provinces and cities introduced policies to boost consumption, while offline activities, including auto shows, were in full swing, and the auto market trended well in March, the CPCA said.
Among the major carmakers' wholesale NEV sales, BYD (HKG: 1211, OTCMKTS: BYDDY) had 371,419 units, Geely at 119,696, Tesla (NASDAQ: TSLA) at 78,828, SAIC-GM-Wuling at 74,108, and Chery at 56,450 units.
BYD released figures yesterday showing it sold 377,420 NEVs in March, including 371,419 passenger NEVs, and 6,001 commercial NEVs.
Among other EV makers, Nio (NYSE: NIO) delivered 15,039 vehicles in March, up 26.74 percent from 11,866 a year ago, and up 14 percent from 13,192 in February, according to data it released yesterday.
Li Auto (NASDAQ: LI) delivered 36,674 vehicles in March, up 26.53 percent from a year ago and up 39.64 percent from February.
Xpeng (NYSE: XPEV) delivered 33,205 vehicles in March, up 267.88 percent year-on-year and up 9.04 percent from February.
More on EV Industry
