Li Auto said it is targeting a rebound to 50,000 monthly deliveries in March.
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Category: Monthly Data
CPCA expects China’s Feb NEV retail sales at 380,000, down 43% from Jan
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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Automakers’ share of China’s NEV market in Jan: BYD tops with 31%, Tesla 5th with 6%
Among the top 5, Tesla only produces BEVs, while the other automakers produce both BEVs and PHEVs.
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Tesla sells 39,881 cars in China in Jan, exports 31,566 from Shanghai plant
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 retail at 668,000 in Jan, down 29.5% from Dec
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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Global EV battery market share in 2023: CATL 36.8%, BYD 15.8%
As a comparison, CATL and BYD's shares in 2022 were 36.2 percent and 13.9 percent, respectively.
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China Jan EV battery installations: CATL share 49.41%, BYD 18.58%
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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China’s NEV retail sales down 29% MoM to 670,000 in Jan, preliminary CPCA data show
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 sells 729,000 NEVs in Jan, 39% lower than Dec, CAAM data show
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 Jan NEV wholesale at 700,000, down 37% from Dec, CPCA estimates show
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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