Industry dynamics

China's NEV retail at 388,000 in Feb, down 42.1% from Jan

Publishtime:1970-01-01 08:00:00 Views:15

Retail penetration of NEVs in China was 35.8 percent in February, up 2.9 percentage points from 32.8 percent in January.

Plug-in hybrid vehicles (PHEVs) accounted for 167,000 units of retail sales in February, contributing 43 percent of all NEV retail sales. That was 15.54 percent higher year-on-year, but 42.81 percent lower than in January.

China's passenger vehicles, including sedans, SUVs and MPVs, saw retail sales of 1,095,000 units in February, down 21.16 percent year-on-year and down 46.18 percent from January.

China's NEV penetration at retail was 35.8 percent in February, up 3.8 percentage points from 32.0 percent a year earlier and up 2.9 percentage points from 32.8 percent in January, the CPCA said.

NEV penetration of local brands at retail in February was 55.3 percent, compared with 24 percent for luxury brands and 4.9 percent for mainstream joint venture brands, according to the CPCA.

China's wholesale sales of passenger NEVs in February were 447,000 units, down 9.7 percent year-on-year and down 35 percent from January, the CPCA said.

NEV penetration at wholesale was 34.5 percent in February, up 3.5 percentage points from 31 percent a year earlier and up 1.6 percentage points from 32.9 percent in January.

Penetration of local brands in February was 45.1 percent, compared to 37.1 percent for luxury brands and 7.1 percent for mainstream joint venture brands.

Passenger NEVs exported from China stood at 79,000 units in February, up 0.1 percent year-on-year but down 20.0 percent from January, contributing 26.4 percent of passenger car exports.

BEVs contributed 81.4 percent of February NEV exports, according to the CPCA.

Tesla sells 30,141 cars in China in Feb, down 24.4% from Jan