Deliveries

AITO held a delivery ceremony in Shanghai to deliver the M5, the brand's first model, to the first batch of over 100 owners.

This is down 8.3 percent from 3,520 units in January. The first AITO M5 vehicles, jointly built by Huawei and Sokon, will be delivered in Shanghai on March 5.

February is traditionally a slow month for car sales, and BYD's Dynasty and Ocean series models have seen price increases since February 1.

BYD sold 43,173 all-electric passenger vehicles and 44,300 plug-in hybrid passenger vehicles in February.

This was down 37.3 percent from 72,236 units in January and accounted for 14 percent of the group's sales of all models in February.

Edison Yu's team believes that February's delivery decline reflects the seasonality of the Chinese New Year and that March is expected to see a strong rebound.

That's down 46.8 percent from 16,031 units in January, which the company blamed on the Chinese New Year holiday and the impact of capacity expansion at its plant.

This is a 35 percent decrease from 11,009 vehicles in January. Neta now offers three models in China, most starting at less than 100,000 yuan.

Zeekr has delivered a total of 12,453 Zeekr 001s since deliveries began in October last year.

The delivery volume was down 51.7 percent from January, mainly due to an upgrade of Xpeng's Zhaoqing plant during the Chinese New Year holiday.