Category: Monthly Data

China’s Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show

In the first quarter, wholesale sales of new energy passenger vehicles in China are expected to be 1.48 million, up 25 percent year-on-year, the CPCA said.

China's March wholesale sales of new energy passenger vehicles (passenger NEVs) are expected to be 600,000 units, up 20 percent from February and up 30 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.

In February, the 10 manufacturers that sold more than 10,000 NEVs at wholesale contributed 83 percent of all wholesale sales, the CPCA said.

These companies are expected to sell 477,000 units in March, and the normal structure would put China's March wholesale sales of passenger NEVs above 570,000 units, the CPCA said.

Considering that some small and medium-sized companies' NEV sales improved significantly from February, the passenger car market in March could be optimistic, the CPCA said.

In the first quarter, wholesale sales of passenger NEVs in China are expected to be 1.48 million, up 25 percent year-on-year, the CPCA said.

China's passenger NEV sales fell sharply in January, as subsidies for the purchase of NEVs were withdrawn, as well as under the influence of the Chinese New Year holiday. The market gradually rebounded in February.

In March, China's passenger NEV market maintained a rebound despite disruptions from gasoline vehicle promotions, the CPCA said.

With recent lithium carbonate price reductions evident, some manufacturers actively allowed production and sales to slow down in the first quarter to reduce costs, the CPCA noted.

At one point in late November last year, battery-grade lithium carbonate was quoted at RMB 590,000 ($85,790) per ton in China, about 14 times the average RMB 41,000 per ton price in June 2020.

Since then, lithium carbonate offers have continued to move downward, without seeing a single day of gains this year.

Battery-grade lithium carbonate prices in China today fell RMB 8,500 per ton, or 3.66 percent, to RMB 224,000 per ton, according to Mysteel data monitored by CnEVPost.

Industrial-grade lithium carbonate fell RMB 6,000 per ton, or 3.08 percent, to RMB 189,000 per ton today.

($1 = RMB 6.8774)

Tesla sells 88,869 China-made vehicles in Mar, CPCA data show

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BYD Mar sales breakdown: Qin 40,850, Song 40,510

The Qin family of models sold a record 40,850 units in March, surpassing the Song family's 40,510 units to become the best-selling model for the month.

BYD today announced its new energy vehicle (NEV) sales for March and later provided a breakdown of the figures for different models.

The Qin family of models sold a record 40,850 units in March, making it the highest-selling BYD model for the month and contributing 19.8 percent of the NEV maker's passenger NEV sales in March.

The sales were up 64.74 percent from 24,797 units in the same month last year and up 33.76 percent from 30,540 units in February, according to data monitored by CnEVPost.

In the first quarter, the Qin family of models sold 85,575 units, up 12.83 percent from the same period last year.

On February 10, BYD let a facelift of the plug-in hybrid sedan Qin Plus DM-i go on sale, offering five versions with a starting price range of RMB 99,800 ($14,530) to RMB 145,800.

This is the first time BYD has made a model with its DM-i powertrain start at less than RMB 100,000.

The Song family -- the top-selling BYD model in many previous months -- sold 40,510 units in March, second only to the Qin family model.

Sales of the family models in March were up 51.56 percent from 26,729 units in the same month last year but down 22.69 percent from 52,400 units in February.

This is the lowest sales for the Song family of models since July 2022. The family sold a record 70,079 units in December of last year.

In the first quarter, Song family models sold 142,775 units, up 93.69 percent from the previous year.

The Yuan family sold a record 40,400 units in March, making it the third highest-selling BYD model for the month.

This represents a 213.64 percent increase from 12,881 units in the same period and a 20.20 percent increase from 33,612 units in February.

The Yuan family of models sold 97,243 units in the first quarter, up 219.56 percent from the same period last year.

BYD Dolphin also sold a record 30,077 units in March, up 186.42 percent year-on-year and 31.56 percent from February.

In the first quarter, BYD Dolphin sold 70,567 units, up 137.86 percent year-on-year.

The BYD Han family of models sold 13,550 units in March, up 9.64 percent year-on-year and up 9.77 percent from February.

The f Han family sold 38,109 units in the first quarter, up 10.69 percent year-on-year.

The BYD Tang family of models sold 12,133 units in March, virtually unchanged from 12,029 units in February and up 26.06 percent from a year ago.

Tang family models sold 33,052 units in the first quarter, up 13.54 percent from a year ago.

The BYD Frigate 07 sold 8,150 units in March, up 26.77 percent from February. The model went on sale on December 9, 2022.

The BYD Seal sold 6,000 units in March, down 22.62 percent from February. The model went on sale on July 29, 2022.

BYD Destroyer 05 -- which went on sale on March 17, 2022 -- sold 3,911 units in March, up 164.97 percent year-on-year but down 21.31 percent from February.

BYD announced earlier today that it sold 207,080 NEVs in March, including 206,089 passenger vehicles, and 991 commercial vehicles.

($1 = RMB 6.8690)

BYD sells 207,080 NEVs in Mar, up 6.9% from Feb

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BYD sells 207,080 NEVs in Mar, up 6.9% from Feb

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sold 207,080 new energy vehicles (NEVs) in March, up 97.45 percent from 104,878 units in the same month last year and up 6.93 percent from 193,655 units in February.

The company discontinued the production and sales of vehicles powered entirely by internal combustion engines in March last year to focus on the production of plug-in hybrids and pure electric vehicles.

BYD's NEVs include passenger cars as well as commercial vehicles, and they sold 206,089 units and 991 units in March, respectively.

Among these passenger vehicles, battery electric vehicle (BEV) sales were 102,670 units, up 91.32 percent from 53,664 units in the same month last year and up 13.27 percent from 90,639 units in February.

Plug-in hybrid vehicles (PHEVs) were 103,419 units, up 104.09 percent from 50,674 units in the same month last year and up 2.37 percent from 101,025 units in February.

In March, BYD sold 13,312 NEVs in overseas markets, down 11.27 percent from 15,002 units in February.

The company first announced overseas sales figures for NEVs in July 2022.

In addition to being China's largest NEV company, BYD is also the country's second-largest power battery maker.

BYD's installed power and storage battery capacity in March was about 9.891 GWh, up 84.77 percent from 5.353 GWh in the same month last year and up 10.49 percent from 8.952 GWh in February.

In the first quarter, BYD's NEV sales were 552,076 units, up 92.81 percent from 286,329 units in the same period last year, but down 19.22 percent from 683,440 units in the fourth quarter last year.

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China EV deliveries: Aion, Leapmotor, Shenlan and more

In March, sold 40,016 vehicles, delivered 6,172 and Shenlan 8,568.

The first day of every month is the day when Chinese electric vehicle (EV) makers intensively announce their deliveries for the previous month, and CnEVPost highlighted leading companies, including NIO, XPeng and Li Auto, in separate articles.

For the other lesser-known EV companies, we wanted to use this article to record their delivery performance in March.

Aion: 40,016 units

GAC's new energy vehicle (NEV) subsidiary, GAC Aion, saw a strong performance in March, with sales reaching 40,016 units, up 96.96 percent year-on-year and up 33.01 percent from February, according to data released today.

GAC Aion sold 80,308 vehicles in the first quarter, up 78.96 percent year-on-year.

On March 30, GAC Aion announced the magazine battery 2.0, which claims not to catch fire or explode even after a gunshot.

Leapmotor: 6,172 units

Leapmotor delivered 6,172 vehicles in March, down 38.64 percent from 10,059 in the same month last year but up 93 percent from 3,198 in February.

In the first quarter, the company delivered 10,509 vehicles, a decrease of 51.30 percent from the same period last year and down 55.41 percent from the fourth quarter.

The Leapmotor C11 series SUV received more than 10,000 orders in March, according to the company.

Leapmotor officially launched the C11 extended-range electric vehicle (EREV) on March 1, after the model was previously only offered in an all-electric version.

Yesterday, Leapmotor announced the signing of a non-binding memorandum of understanding with Qualcomm for a strategic partnership to build smart cockpit products based on the latter's latest-generation Snapdragon SA8295P platform.

Shenlan: 8,568 units

Changan Automobile's NEV brand Shenlan delivered 8,568 vehicles in March, up 108.82 percent from 4,103 vehicles in February.

In the first quarter, Shenlan delivered 18,808 vehicles, a decrease of 22.85 percent from the fourth quarter of last year.

Shenlan currently offers only the SL03 sedan, which was unveiled on July 25, 2022 and began deliveries in September last year.

It officially debuted its first SUV, the Shenlan S7, a model similar to the Model Y crossover, on March 5. The Shenlan S7 is not yet available.

Smart: 5,911 units

Smart delivered 5,911 vehicles in China in March, up 63.47 percent from 3,616 vehicles in February.

In the first quarter, Smart delivered 12,697 vehicles in China, an increase of 46.87 percent year-on-year.

Since deliveries began in September 2022, Smart has delivered a cumulative total of 21,909 vehicles.

Skyworth: 1,282 units

Skyworth delivered 1,282 vehicles in March, down 13.14 percent from 1,476 vehicles in February. The company exported 517 vehicles last month.

In the first quarter, Skyworth delivered 3,946 vehicles, according to figures released by the company today.

Skyworth, a Chinese appliance manufacturer, released its first electric vehicle product in April 2021.

The company is one of those tracked by CnEVPost, but it has been putting deliveries and orders together in an incomprehensible way when it released delivery figures before this year.

NIO delivers 10,378 vehicles in Mar, down 14.6% from Feb

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Zeekr delivers 6,663 vehicles in Mar, up 22% from Feb

In the first quarter, delivered 15,234 units, up 84.86 percent year-on-year, but down 53.08 percent from the fourth quarter.

Zeekr's deliveries continued to rebound in March, although the first-quarter figure was down significantly from the fourth quarter.

Zeekr delivered 6,663 vehicles in March, up 271.20 percent from 1,795 in the same month last year and up 22.14 percent from 5,455 in February, according to data it released today.

In the first quarter, Zeekr delivered 15,234 vehicles, up 84.86 percent from 8,241 in the same period last year, but down 53.08 percent from 32,467 in the fourth quarter.

The decline in Zeekr's deliveries in the first quarter was primarily due to a 21-day production halt at its Ningbo, Zhejiang plant around the Chinese New Year holiday. The plant resumed production on February 1. January 21 to January 27 was this year's Chinese New Year holiday.

The shutdown resulted in Zeekr delivering only 3,116 vehicles in January, a new low since April 2022.

Zeekr was officially launched as an independent company in March 2021, with its first model, the Zeekr 001, launched on April 15, 2021, and deliveries beginning in October 2021.

On November 1, 2022, Zeekr's second model, the Zeekr 009 MPV, was launched, and its deliveries began on January 15.

As of March 31, Zeekr's cumulative deliveries since inception were 93,182.

Zeekr plans to see sales double from last year to 140,000 units in 2023 and will release two new models, its CEO said in an internal letter earlier this year.

The company's next model is expected to be the Zeekr X, which already made it onto a regulatory filing list in February.

Regulatory filing: Zeekr X to be offered in 4- and 5-seat versions

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XPeng delivers 7,002 vehicles in Mar, up 16.5% from Feb

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delivered 7,002 vehicles in March, a 16.5 percent increase over the previous month. total deliveries for the first quarter of 2023 reached 18,230 vehicles.

XPeng's guidance for deliveries in the first quarter was 18,000 to 19,000 units and revenue guidance was RMB 4 billion to RMB 4.2 billion when it announced its fourth-quarter earnings on March 17.

Below is its press release, as the CnEVPost article is being updated.

XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for March and the first quarter 2023.

In March 2023, XPENG delivered 7,002 Smart EVs, representing a 17% increase over the prior month. Total deliveries for the first quarter of 2023 reached 18,230 vehicles.

The new sports sedan P7i, launched in March for the Chinese market, has generated favorable market reception and its order backlog is gathering strong momentum. A total of 3,030 P7 series sedans were delivered in March, representing a 32% increase month-over-month.

The launch of the new P7i also boosted the Company's store traffic, pushing test drive volume to recent heights. Delivery of the P7i began nationwide in March.

On March 31, 2023, XPENG began the rollout of the first phase of XNGP (NGP: Navigation Guided Pilot) to XPENG G9 Max and P7i Max customers in Guangzhou, Shenzhen and Shanghai, and to XPENG P5 P version customers in Shanghai.

XNGP is China's leading full scenario ADAS platform available in mass-produced models. The Company is accelerating the implementation of XNGP to multiple models across multiple cities in China.

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NIO delivers 10,378 vehicles in Mar, down 14.6% from Feb

delivered 31,041 vehicles in the first quarter, slightly above the lower end of its previous guidance range of 31,000 to 33,000 vehicles.  |  NIO US | NIO HK | NIO SG

NIO (NYSE: NIO) delivered fewer vehicles in March than in February, with the first quarter figure barely above the lower end of the previous guidance range.

NIO delivered 10,378 vehicles in March, up 3.94 percent from 9,985 a year ago but down 14.6 percent from 12,157 in February, according to figures it announced today.

That delivery volume included 3,203 SUVs, and 7,175 sedans, the company said, without providing a breakdown of the different models.

NIO delivered 31,041 vehicles in the first quarter, slightly above the lower end of its previous guidance range of 31,000 to 33,000 vehicles.

The deliveries were up 20.46 percent from 25,768 units in the same period last year, though down 22.5 percent from 40,052 in the fourth quarter.

NIO's guidance for first-quarter revenue was RMB 10.93 billion to RMB 11.54 billion when it announced its fourth-quarter earnings results on March 1.

As of March 31, cumulative deliveries of NIO vehicles reached 320,597 units.

Beginning March 28, NIO has rolled out the deployment of its third generation of swap stations in China, each with a service capacity of up to 408 swaps per day, the company said.

As of March 31, NIO had deployed 1,339 battery swap stations and 1,285 charging stations, including 6,467 chargers, worldwide. It also has 1,154 destination charging stations worldwide, including 7,993 chargers.

NIO will accelerate the expansion of its battery swap network and plans to install 1,000 battery swap stations in 2023, it said, repeating a previous goal.

NIO has been gradually releasing NOP+ Beta to NIO Technology 2.0 (NT 2.0) based vehicles. Since its debut on December 27, 2022, more than 30,000 users have activated and participated in the NOP+ Beta, accumulating more than 15 million kilometers, it said today.

Powered by NIO's internally developed full-stack smart driving technology and closed-loop data management, NOP+ Beta has achieved significant improvements in peace of mind, comfort and efficiency, it said.

Going forward, NIO will progressively deliver more features through over-the-air updates to continuously enhance the user's smart driving experience, the company said.

NIO CFO says confident of meeting this year's sales target

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Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%

's share in January-February was the same as in January, while saw its share rise.

CATL and BYD remained the top two players in the global EV battery market in the first two months, with the former's share remaining stable and the latter rising.

In January and February, the total battery consumption of EVs registered in each country was about 75.2 GWh, up 39.0 percent from the previous year, according to data released today by South Korean market research firm SNE Research.

CATL's battery installed base in January-February was 25.5 GWh, up 34 percent from 19.0 GWh in the same period last year.

The Chinese battery giant continues to rank first with a 33.9 percent share, the only global battery maker with a share of more than 30 percent.

CATL's share in January-February was the same as in January, but down 1.2 percentage points from 35.1 percent a year ago.

CATL's batteries are in high demand in passenger cars, including Model 3, Model Y, SAIC's Mulan, ET5 and the Chinese commercial vehicle market, and is expected to maintain its No. 1 position, SNE Research said.

BYD installed 13.7 GWh of power batteries in January-February, up 122.6 percent from 6.1 GWh in the same period last year.

The company ranked second with 18.2 percent market share in the first two months, up from 11.3 percent in the same period last year and up from 17.6 percent in January.

BYD is gaining traction in China's domestic market with its competitive pricing by establishing a vertically integrated supply chain management, including self-supply of batteries and vehicle manufacturing, SNE Research said.

LG Energy Solution saw a 51.9 percent year-on-year increase in power battery installed base of 10.0 GWh in January-February.

The South Korean company ranked third in the world with a 13.3 percent share, up from 12.2 percent a year earlier.

Japan's Panasonic ranked fourth with a 10.4 percent share, South Korea's SK On was fifth with 5.5 percent and Samsung SDI was sixth with 4.9 percent.

China's CALB, Gotion High-tech, Eve Energy and Sunwoda ranked seventh, eighth, ninth and tenth respectively, with shares of 3.4 percent, 2.0 percent, 1.8 percent and 1.4 percent respectively in January-February.

CATL's share in global EV battery market slips in Jan, BYD rises

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CPCA expects China’s Mar NEV retail sales to rise 27.5% from Feb to 560,000 units

The overall market is recovering at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by big price cuts, the CPCA said.

The China Passenger Car Association (CPCA) expects China's new energy vehicle (NEV) sales to continue to recover this month from last month, although growth in the overall passenger car market remains slow.

Retail sales of passenger vehicles in China are expected to be 1.59 million units in March, flat from a year ago and up 14.5 percent from February, the CPCA said in a report late last night.

Among them, retail sales of NEVs are expected to be 560,000 units, up 25.8 percent from a year ago and up 27.5 percent from February, with a penetration rate of 35.2 percent, according to the report.

In mid-March, the overall market discount rate for passenger cars in China was about 14.4 percent, up from 13.9 percent at the end of February, indicating intense price competition in sales channels, the report said.

The Chinese car market performed poorly in January-February amid multiple unfavorable factors, and demand began to be released in March, the CPCA said.

However, the overall market recovered at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by car companies' price-cut marketing, the report said.

Large discounts offered by car companies in Hubei province in early March attracted a lot of consumer attention, but at the same time led to a wait-and-see mood among consumers in other provinces and cities, the CPCA said.

Other local governments have since introduced subsidy policies and car brands have followed suit with promotions, which have boosted store traffic but limited actual order conversion, the CPCA said.

Consumer wait-and-see sentiment further increased, negatively impacting the auto market, the report said.

Average daily retail sales for major Chinese automakers in the first and second weeks of March were 31,500 and 36,700, down 16 percent and 18 percent year-on-year, respectively, according to the report.

Average daily retail sales in the third week are expected to be 40,800, up 10 percent year-on-year, mainly due to a low base from last year as a result of the Covid outbreak in the same period last year.

Considering the upward pulse of car sales at the end of the quarter and promotional policies in some regions, the auto market is expected to maintain its rebound in the fourth and fifth weeks, the CPCA said.

The CPCA usually releases estimates of passenger vehicle sales at the end of the month, with preliminary data released early the following month, followed by final data.

It estimated February NEV retail sales in China at around 400,000 units on February 22, released a preliminary figure of 438,000 units on March 7, and released a final figure of 439,000 units on March 8.

CAAM calls for return to normal order in China's auto industry as price war disrupts sector

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China Feb EV battery installations: Total volume up 36% from Jan, CATL share down slightly

's share in February was essentially unchanged from January, while CALB's share grew significantly.

China's power battery installed base rebounded in February compared to January, though 's share declined slightly and CALB's share increased significantly.

In February, China's power battery installed base was 21.9 GWh, up 60.4 percent year-on-year and up 36.0 percent from January, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

CATL's power battery installed base in February was 9.60 GWh, continuing to rank first with a 43.76 percent share, but down from 44.41 percent in January.

BYD installed 7.50 GWh of power batteries in February, ranking second with a 34.19 percent share, essentially unchanged from January's 34.12 percent share.

CALB saw significant market share gains in February, as the company installed 1.62 GWh of power batteries in the month, ranking third with a 7.39 percent share, up 2.46 percentage points from 4.93 percent in January.

Gotion High-tech ranked fourth with an installed base of 0.78 GWh and a 3.58 percent share in February, while Eve Energy ranked fifth with an installed base of 0.71 GWh and a 3.25 percent share.

China's ternary Li-ion battery installed base in February was 6.7 GWh, accounting for 30.6 percent of total installed base, up 15.0 percent year-on-year and up 23.7 percent from January.

The installed base of LFP batteries was 15.2 GWh, accounting for 69.3 percent of the total installed base, up 95.3 percent year-on-year and up 42.2 percent from January.

In the ternary Li-ion battery market, CATL ranked first with 65.53 percent of the total installed base of 4.40 GWh in February.

CALB and LG Energy Solution ranked second and third in the ternary battery market with 10.93 percent and 7.49 percent shares, respectively.

In the LFP battery market, BYD installed 7.50 GWh in February, topping the list with a 49.37 percent share, the second consecutive month it ranked first in this segment.

BYD's power batteries are mainly LFP batteries, which are mainly used in the company's own new energy vehicle (NEV) models.

CATL ranked second in the LFP market with 34.19 percent of the total installed base of 5.20 GWh in February.

CALB and Gotion High-tech ranked third and fourth in the LFP battery market with 5.84 percent and 4.82 percent shares, respectively.

CATL's share in global EV battery market slips in Jan, BYD rises

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