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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Among the top 5, Tesla only produces BEVs, while the other automakers produce both BEVs and PHEVs.
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Tesla's share of the Chinese BEV market was 10.61 percent in January, down from 12.68 percent in December.
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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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As a comparison, CATL and BYD's shares in 2022 were 36.2 percent and 13.9 percent, respectively.
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CATL's share of China's EV battery market increased by 4.93 percentage points in January from December, while BYD's share decreased by 4.37 percentage points.
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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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In January, China sold 445,000 BEVs, 46.06 percent lower than in December, and 284,000 PHEVs, 21.98 percent lower than 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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The Tesla sales, which include exports from China to overseas markets, were up 8.17 percent year-on-year, but down 24.1 percent from December.
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