EV Data

Nio sold 9,829 units in March, higher than BMW's 3,123 units, Mercedes-Benz's 1,199 units and Audi's 116 units of BEVs in China, according to CATARC data.

Ford unveiled the Mustang Mach-E in China last April and made its first delivery on December 26.

Some of WM Motor's models saw price increases on March 1, amid price hikes by many Chinese automakers.

In the luxury pure electric vehicle market priced above RMB 500,000, HiPhi achieved a 28 percent market share in the first quarter, it claimed.

In China's premium SUV market, Model Y sales of 39,730 units in March were 3.1 times the sales of the Mercedes-Benz GLC.

China's auto industry is facing higher costs and a lack of consumer momentum, but production and sales of NEVs have continued their rapid growth, the CAAM said.

Due to the price hikes, NEV orders before the price hikes performed well, with ample orders overall, the CPCA said.

Production at Giga Shanghai was suspended for two days on March 16 and 17 due to Covid controls, and has been suspended again since March 28.

Post-subsidy prices for all versions of the 2022 Ora Good Cat model were raised by RMB 6,000-7,000 ($1,100) effective March 23.

SAIC sold 443,045 units of all vehicles in March, with NEV sales contributing 16.8 percent.