EV Industry

EV makers including Leapmotor, Neta and Denza have all introduced 90-day price protection policies.

In January-February, China's vehicle sales decreased by 15.2 percent year-on-year while NEV sales increased by 20.8 percent year-on-year.

This article contains 20 tables compiled by CnEVPost based on data from the CPCA, showing which models and car companies sold the most in China in February.

In terms of retail sales, China's NEV penetration rate was 31.6 percent in February, up nearly 10 percentage points from a year ago and up from 25.7 percent in January.

WM Motor will have more than 100 dealership stores in China gradually return to regular service, the company said.

China's new energy passenger vehicle penetration at retail in February was 32.1 percent, up 6.4 percentage points from 25.7 percent in January.

Retail sales of new energy passenger vehicles in China are expected to be around 400,000 units in February, with a penetration rate of 29.6 percent, according to preliminary estimates by the CPCA.

Newrizon was founded in September 2020 by former Nio senior vice president Huang Chendong.

BEVs contributed 86.47 percent of the 17.1 billion kilometers driven by NEVs in China in January, and PHEVs contributed 13.48 percent.

Much of this is likely due to a low base caused by last year's Chinese New Year holiday.