Shanghai, March 20th, ZXZC - JAC new energy vehicles are experiencing sustained decline. In January this year, sales of JAC pure electric passenger vehicles was zero. In February, JAC pure electric passenger vehicles sales experienced a decline of nearly 90%.

According to JAC auto production and sales newsletter, JAC sold 125 pure electric passenger vehicles in February, a year-on-year decrease of 89.42%. At the same time, the production volume of pure electric passenger car was 414, a year-on-year decrease of 69.29%. On the whole, JAC pure electric passenger vehicles sales fell 95.21% from January to February.

Insiders believe that the main reason leading to the sharp decline may be that they need to reapply for the"directory of recommended new energy vehicles for promotion and application". For those new energy vehicles which did not enter the directory, they cannot be licensed, even they have been sold.

However, it is worth noting that sales of JAC's traditional fuel vehicle also fell sharply. According to JAC auto production and sales newsletter, volume of production and sales in February were 45,244, and 46,238 respectively, a year-on-year decrease of 2.48% and 17.59%. Cumulative sales of JAC from January to February was 106,900, a year-on-year decrease of 14.71%.