EV Industry

China's wholesale sales of passenger NEVs were estimated at 1.14 million units in February, up 37 percent year-on-year and up 37 percent from February.

China's NEV retail penetration rate was 53.90 percent in March 1-23, and 47.30 percent year to date.

CPCA expects China's March NEV retail sales to rebound to 1 million units, with penetration rising to 54.1 percent.

Media reporters can register online for Auto Shanghai 2025 after 9 am Beijing time on March 21, and the deadline is 8 pm on April 20.

Cumulative retail sales of passenger NEVs in China so far this year totaled 1.853 million units, up 36 percent year-on-year.

The significant increase relative to February 1-9 was largely due to a low base caused by the Chinese New Year holiday early last month.

China's BEV sales in February totaled 544,000 units, up 85.1 percent year-on-year but down 5.2 percent from January.

BEVs sold 427,000 units at retail in February, up 94.4 percent year-on-year and up 1.7 percent from January.

First held in 1991, the Shenzhen auto show is held annually and is one of the largest auto shows in China.

China's retail sales of all passenger vehicles stood at 1.397 million units in February, up 26 percent year-on-year but down 22 percent from January.