Monthly Data

China's January wholesale sales of passenger NEVs are expected to be 700,000 units, up 80 percent year-on-year, but down 37 percent from December, the CPCA said.

The Tesla sales, which include exports from China to overseas markets, were up 8.17 percent year-on-year, but down 24.1 percent from December.

Neta's sequential rebound in deliveries in January appears to be largely due to a low base in December.

Zeekr's deliveries in January fell from the previous month, but fared better than its main peers.

To date, the C10 has more than 23,500 pre-orders since pre-sales began on January 10, Leapmotor said.

The Fang Cheng Bao brand delivered 5,203 vehicles in January, while the Yangwang brand delivered 1,652 units.

Since its launch in September 2023, the new M7 has now accumulated more than 140,000 firm orders, Aito said.

BYD's sales were lower in January, as seasonal factors affected almost all of China's major carmakers, while its overseas sales continued to hit a record high.

The beginning of the year is usually a low point for car sales in China due to seasonal factors. Nio's deliveries in January included 6,307 SUVs and 3,748 sedans.

The decline was mainly due to seasonal factors. The X9 MPV, which went on sale on January 1, delivered 2,478 units in January.