China's NEV retail penetration rate was 53.90 percent in March 1-23, and 47.30 percent year to date.
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Category: CPCA
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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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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