Monthly EV Sales

Overall passenger car retail sales in April are estimated to be around 1.75 million units, up 14.4 percent year-on-year but down 9.8 percent from the previous month.

March's performance ended the previous two months of sequential declines, as the slow season for Chinese auto sales at the beginning of the year winds down.

Tesla moved up to No. 3 in China's NEV market in March, up from No. 7 in February, as its local deliveries improved.

China's passenger NEV retail sales rose 45.0 percent in March from February, ending two consecutive months of sequential declines.

Tesla sold 74,127 vehicles in the Chinese domestic market in March, up 18.80 percent year-on-year and up 176.83 percent from February.

CATL and BYD's combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total.

China's NEV retail penetration was 52.3 percent in March and 47.67 percent year-to-date.

China's wholesale sales of passenger NEVs were estimated at 1.14 million units in February, up 37 percent year-on-year and up 37 percent from February.

In the first quarter, Tesla China sold 172,754 vehicles, down 21.79 percent year-on-year and down 28.29 percent from the fourth quarter.

Song, Qin and Seal are the top three BYD lineups in terms of sales in March.