EV Data
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China's Feb NEV wholesale at 450,000, down 34% from Jan, CPCA estimates show
February sales in China's auto market are expected to be the lowest of the year, the CPCA said.
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BYD Feb sales breakdown: Song 35,273 units, Qin 16,191
The Yangwang brand delivered 780 vehicles and Fang Cheng Bao 2,310 vehicles in February.
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BYD sells 122,311 NEVs in Feb, down 39% from Jan
BYD saw a drop in NEV sales in February as the New Year holiday brought disruptions.
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Nio delivers 8,132 cars in Feb, down 19% from Jan
The Chinese New Year holiday caused disruption, and potential customers' wait-and-see ahead of the 2024 models may also have had an impact.
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Xpeng delivers 4,545 cars in Feb, down 45% from Jan
"With the capacity ramp-up and the debottlenecking of certain components' supply post-Chinese New Year, we will accelerate the delivery of the X9 in March," Xpeng said.
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Li Auto delivers 20,251 cars in Feb, down 35% from Jan
Li Auto said it is targeting a rebound to 50,000 monthly deliveries in March.
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China EV insurance registrations for week ending Feb 25: Nio 2,300, Xpeng 1,200, Li Auto 6,200, Tesla 10,800
In the February 1-25 period, Nio was at 5,100, Xpeng at 3,000, Li Auto at 16,200, BYD at 81,000 and Tesla at 24,300.
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CPCA expects China's Feb NEV retail sales at 380,000, down 43% from Jan
China's auto market saw seasonal weakness in February as the 2024 Lunar New Year holiday fell in mid-February, the CPCA noted.
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China EV insurance registrations in Feb 5-18: Nio 1,500, Xpeng 1,000, Li Auto 7,000, Tesla 8,200
Insurance registrations for major EV makers in China have dropped significantly over the past two weeks as people celebrate the traditional Chinese New Year holiday.
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BYD poised to challenge Tesla for BEV sales crown in 2024, TrendForce says
Tesla continues to lead the BEV rankings in 2023 with a 19.9 percent market share, followed by BYD with 17.1 percent.
