Industry dynamics

China’s homegrown new energy PV sales keep falling in August

Publishtime:1970-01-01 08:00:00 Views:42

Shanghai (ZXZC)- Chinese automakers sold roughly 71,000 locally-produced new energy passenger vehicles (NEPVs) in August, a year-on-year decrease of 15.5%, while up by 6% from a month ago, according to the China Passenger Car Association (CPCA).

For the first eight months, the country's NEPV wholesale volume totaled approximately 714,000 units, surging 41.7% from a year ago. The association said all aspects of vehicle production and sales were hard to swiftly adapt to the significant cost increase triggered by the NEV subsidy phase-out starting end-June.

China’s homegrown new energy PV sales keep falling in August

(Photo source: BAIC BJEV)

Among the NEPVs sold in August, 56,875 vehicles were driven by all-electric system, a year-on-year drop of 2%. Of that, both car and SUV sectors recorded 1% decrease from the prior-year with 39,342 units and 17,450 units sold respectively, while wholesale volume of MPVs plunged 89% to only 83 units, according to a post on the WeChat account of Cui Dongshu, secretary-general of the CPCA.

China’s homegrown new energy PV sales keep falling in August

PHEV sales tumbled 47% over the year-ago period to 13,966 units in August. Sales volume of cars and SUVs running on plug-in hybrid power system were 7,830 units (-44%) and 5,611 units (-54%).

Both BEV and PHEV sectors posted downturn in August sales of smaller-sized vehicles.

Sales volumes of A00-segment (mini) and A0-segment (small-sized) all-electric PVs evidently fell 15% and 45% respectively to 17,884 units and 6,685 units last month. Besides, plug-in hybrid system-powered A- and B-segment (medium) PVs saw their sales plummet 50% and 67% compared with August, 2018.

China’s homegrown new energy PV sales keep falling in August

Among the top 10 NEPV models by August retail sales, four models-the BYD Yuan EV, the Chery eQ, the Emgrand EV and the BYD e5-recorded year-on-year sales decrease. However, the top 2 models still achieved stupendous increase.

Compared with July, the BAIC EU Series maintained its championship. The Baojun NEV outperformed the BYD Yuan EV to the runner-up place. Models sitting from the 4th to 6th places remained unchanged. The Emgrand EV and the BYD e5 were ranked 8th and 10th, while still faced drastic decline.

China’s homegrown new energy PV sales keep falling in August

Regarding year-to-date retail sales, the top 10 NEPV models all accomplished growth. Models ranked from 1st to 7th were entirely as same as that of July. The ORA R1 dropped 1 place to the 9th and its former place was supplanted by the Baojun NEV. The EADO EV entered the top 10 list with a splendid growth of 707.3%.