- March's performance ended the previous two months of sequential declines, as the slow season for Chinese auto sales at the beginning of the year winds down.
- BEV sales in March were 806,000 units, up 42.5 percent year-on-year and up 48.2 percent from February.
China's new energy vehicle (NEV) sales saw a significant rebound last month, after two consecutive month-on-month declines.
In March, China's NEV sales amounted to 1,237,000 units, up 40.1 percent year-on-year and up 38.7 percent from February, according to data released today by the China Association of Automobile Manufacturers (CAAM).
CAAM's NEV sales are the wholesale sales of automakers, including those in China and those exported to overseas markets. NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel-cell vehicles.
March's performance ended the previous two months of sequential declines, as the slow season for Chinese auto sales at the beginning of the year winds down.
China's BEV sales in March were 806,000 units, up 42.5 percent year-on-year and up 48.2 percent from February.
PHEV sales in March were 431,000 units, up 35.8 percent year-on-year and up 23.9 percent from February.
China's all vehicle sales in March were 2,915,000 units, up 8.2 percent year-on-year and up 37.0 percent from February.
This means that NEV penetration in March was 42.4 percent, up from 32.8 percent a year earlier and up from 41.9 percent in February.
Excluding exports, domestic NEV sales in March were 1,079,000 units, up 42.3 percent year-on-year and up 41.9 percent from February.
In March, 507,000 vehicles were exported from China, up 1.0 percent year-on-year and up 14.9 percent from February.
Of these, NEVs exported a record high of 158,000 units, up 26.8 percent year-on-year, and up 20.1 percent from February.
China exported 103,000 units of BEVs in March, up 2.5 percent year-on-year and up 26.4 percent from February.
PHEV exports were 55,000 units in March, up 130 percent year-on-year and up 10 percent from February.
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