CPCA expects China's March NEV retail sales to rebound to 1 million units, with penetration rising to 54.1 percent.
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CPCA expects China's March NEV retail sales to rebound to 1 million units, with penetration rising to 54.1 percent.
For details, please visit CnEVPost.
Cumulative retail sales of passenger NEVs in China so far this year totaled 1.853 million units, up 36 percent year-on-year.
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The significant increase relative to February 1-9 was largely due to a low base caused by the Chinese New Year holiday early last month.
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Xiaomi EV entered CPCA's monthly leaderboard for the first time, coming in at No. 9 in the NEV market with 23,728 sales and a 3.4 percent share.
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BEVs sold 427,000 units at retail in February, up 94.4 percent year-on-year and up 1.7 percent from January.
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China's retail sales of all passenger vehicles stood at 1.397 million units in February, up 26 percent year-on-year but down 22 percent from January.
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China's passenger NEV wholesale sales were estimated at 840,000 units in February, up 82 percent year-on-year but down 5 percent from January.
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China's retail sales of all passenger vehicles in the February 1-23 period were 924,000 units, down 30 percent from the same period last month.
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Overall passenger car retail sales for February are expected to be around 1.25 million units, up 13.6 percent year-on-year but down 30.3 percent from January.
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China's NEV retail sales improved last week, significantly narrowing the month-to-date decline.
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