Smart and Sustainable Electric Mobility
China's auto market saw seasonal weakness in February as the 2024 Lunar New Year holiday fell in mid-February, the CPCA noted.
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China's NEV sales declined significantly in the first three weeks of February, mainly due to the Chinese New Year holiday.
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The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA.
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Among the top 5, Tesla only produces BEVs, while the other automakers produce both BEVs and PHEVs.
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China's NEV penetration at retail was 32.8 percent in January, down 7.5 percentage points from 40.3 percent in December.
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This means that the penetration of passenger NEVs at retail was 32.8 percent in January, down from 40.2 percent in December.
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China's January wholesale sales of passenger NEVs are expected to be 700,000 units, up 80 percent year-on-year, but down 37 percent from December, the CPCA said.
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China's passenger NEV retail sales stood at 596,000 units in January 1-28, up 92 percent from a year earlier but down 24 percent from a month earlier, data from the CPCA showed. (Image credit: CnEVPost) China's new energy vehicle (NEV) sales were weak in the first four weeks of January and don't appear to be […]
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China's NEV sales performance didn't continue to deteriorate last week, despite the beginning of the year usually is a low point for sales.
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China's passenger car retail sales are estimated to be around 2.2 million units in January, down 6.5 percent from December.
The post CPCA expects China's Jan NEV retail sales to be 800,000 units, 15.3% lower than Dec appeared first on CnEVPost.
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