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China passenger NEV retail drops 3.6% MoM to 527,000 in Apr, CPCA data show

China's NEV penetration at retail was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but lower than 34.2 percent in March.

Retail sales of new energy passenger vehicles (passenger NEVs) in China were 527,000 units in April, up 85.6 percent year-on-year but down 3.6 percent from March, according to data released today by the China Passenger Car Association (CPCA).

This was lower than the CPCA's preliminary figure of 529,000 units released on May 6 and higher than its estimate of 500,000 units released on April 25.

Battery electric vehicle (BEV) retail sales in April were 370,000 units, accounting for 70.2 percent of all NEV retail sales. This represents a 73.5 percent year-on-year increase and a 4.3 percent decrease from March.

Plug-in hybrid (PHEV) retail sales in April were 157,000 units, contributing 29.8 percent of NEV retail sales, up 122.0 percent year-on-year and down 1.8 percent from March.

Retail sales of all passenger vehicles in China were 1.63 million units in April, up 55.5 percent year-on-year and up 2.5 percent from March.

Notably, this is the second time since 2010 that China's retail vehicle sales were higher in April than in March, the CPCA said.

The penetration of NEVs at retail in China was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but down from 34.2 percent in March.

The penetration rate of NEVs was 56.5 percent for local brands, 23.8 percent for luxury brands and 4.4 percent for mainstream joint venture brands.

Wholesale sales of passenger NEVs in China were 607,000 units in April, up 115.6 percent year-on-year but down 1.7 percent from March.

This means that the penetration of NEVs at wholesale was 33.9 percent in April, up 5.9 percentage points from 28 percent penetration in April 2022 and up from 31 percent in March.

China's local brands had 49.5 percent penetration of NEVs at wholesale in April, compared to 35.5 percent for luxury brands and 4.1 percent for mainstream joint venture brands.

China exported 91,000 passenger NEVs in April, with BEVs accounting for 92.8 percent of the total. This represents a year-on-year increase of 1028.5 percent, up 29.4 percent from March, and contributes 31 percent of all passenger car exports.

China exported 35,886 units in April, SAIC passenger cars 21,450 units and BYD 14,827 units, the CPCA said.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant

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China CPCA Electric eMobility eV EV Data Industry News Monthly Data

China Apr NEV retail down 3% from Mar, preliminary CPCA data show

China's retail sales of passenger NEVs in April were 529,000 units, up 87 percent year-on-year, but down 3 percent from March, according to the CPCA.

China Apr NEV retail down 3% from Mar, preliminary CPCA data show-CnEVPost

China's new energy passenger car retail sales in April were 529,000 units, up 87 percent year-on-year, but down 3 percent from March, according to preliminary data released today by the China Passenger Car Association (CPCA).

Notably, the CPCA's estimate released on April 25 showed that retail sales of new energy passenger vehicles in China were expected to be around 500,000 units in April.

The higher figure released today means that the NEV market performed better in the last week of April than the CPCA expected at the time.

From January to April, retail sales of new energy passenger vehicles in China were 1.85 million units, up 37 percent year-on-year, the CPCA said.

Wholesale sales of new energy passenger vehicles in China were 600,000 units in April, up 105 percent year-on-year but down 4 percent from the previous month.

From January to April, wholesale sales of new energy passenger vehicles in China were 2.1 million units, up 42 percent year-on-year.

Retail sales of all passenger vehicles in China were 1.65 million units in April, up 58 percent year-on-year and up 4 percent from March, according to the CPCA.

This means that the penetration of new energy passenger vehicles at retail in April was 32 percent, down from 34.2 percent in March.

From January to April, retail sales of all passenger vehicles in China were 5.94 million units, unchanged from the same period last year.

Wholesale sales of passenger vehicles in China were 1.78 million units in April, up 87 percent from a year ago but down 10 percent from March.

From January to April, China's wholesale sales of passenger cars were 6.85 million units, up 7 percent from a year ago.

This means that in the first four months, China's auto market performed largely in line with the same period last year. This is not a good result, considering the sporadic outbreak of Covid in the first quarter of last year and the impact of the lockdown in Shanghai in April on the sector.

April sales were low and the production pace slowed, largely because many car companies were waiting to see if vehicles based on older emissions standards would be allowed to be sold for an extended period of time, according to the CPCA.

The following is the CPCA's weekly retail sales performance for the Chinese passenger vehicle market in April, as announced today:

Average daily retail sales of passenger vehicles in the first week of April were 37,000 units, up 47 percent year-on-year and up 8 percent from the same period in March.

Average daily sales for the second week of April were 48,000 units, up 81 percent year-on-year and up 24 percent over the same period in March.

Average daily sales for the third week of April were 57,000 units, up 93 percent year-on-year and up 31 percent over the same period in March.

Average daily sales for the fourth week of April were 81,000 units, up 40 percent year-on-year but down 4 percent from the same period in March.

China to allow extended sales periods for ICE models based on existing emissions standard, report says

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China CPCA CPCA Estimates Deliveries Electric eMobility eV EV Data Expectations Industry News Monthly Data

China’s NEV wholesale in April at about 600,000 units, CPCA estimates show

China's auto industry price war faded in April, easing consumer wait-and-see sentiment and releasing suppressed demand, the CPCA said.

China's wholesale sales of new energy passenger vehicles are expected to be 600,000 units in April, basically unchanged from March and up 114 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.

In March, the 11 manufacturers with more than 10,000 wholesale sales of new energy vehicles (NEVs) contributed 80.7 percent of all wholesale sales, the CPCA said.

These companies are expected to sell 482,000 units in April, and the normal structure would put China's wholesale sales of new energy passenger vehicles in April at around 600,000 units, the CPCA said.

In January-April, China's wholesale sales of new energy passenger vehicles are estimated at 2.1 million units, up 43 percent year-on-year, according to the report.

The CPCA said the overall auto market continued the trend seen in late March as the price war in China's auto industry receded in April, easing consumer wait-and-see sentiment and releasing previously suppressed demand.

Due to the low base of last year and the recent continued strength of China's new energy passenger vehicle exports, car companies in the core regions of the NEV industry chain, including Shanghai, performed well, the CPCA said.

Passenger vehicle sales in China are expected to be 23.5 million units in 2023, including 8.5 million NEVs, and NEV penetration is expected to reach 36 percent, the CPCA said, repeating its previous forecast.

China's new energy passenger vehicle sales were 6.5 million units in 2022, up 94 percent year-on-year, the CPCA noted.

Here are the CPCA's wholesale NEV sales for major car companies in April.

Tesla sells 75,842 China-made vehicles in Apr, CPCA data show

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China CPCA CPCA Estimates Electric eMobility eV EV Data Expectations Industry News Monthly Data

CPCA expects China Apr NEV retail sales to fall 8.4% from Mar to about 500,000 units

April passenger vehicle sales in China are expected to be around 1.57 million units, down 1.3 percent from March, the CPCA said.

CPCA expects China Apr NEV retail sales to fall 8.4% from Mar to about 500,000 units-CnEVPost

China's new energy vehicle (NEV) sales rose significantly this month from a year ago, though they were down from March.

In April, retail sales of NEVs in China are expected to be around 500,000 units, up 77 percent from a year earlier but down 8.4 percent from March, according to estimates released today by the China Passenger Car Association (CPCA).

Survey shows that car companies, which contribute about 80 percent of passenger car sales, are targeting slightly lower retail sales in April than in March, the CPCA said.

According to preliminary projections, China's passenger vehicle sales in April were about 1.57 million units, up 49.8 percent from a year earlier but down 1.3 percent from March, the CPCA said.

That means the penetration of NEVs at retail in April would be 31.8 percent.

Last April, China's auto industry suffered disruption due to the Covid lockdown in Shanghai, with 1.04 million units of all passenger vehicles sold that month, including just 280,000 NEVs.

In the first quarter of this year, China's NEV sales continued to recover, with 545,739 units sold in March, according to the CPCA's final figures released last week. This is slightly higher than the 543,000 units announced by the CPCA on April 11.

In April, the price war in China's auto industry gradually receded and consumers returned to rational consumption, easing the wait-and-see sentiment, the CPCA said in the report today.

The average daily retail sales of major automakers in the first three weeks were 31,500, 36,700 and 54,800, up 8 percent, 23 percent and 26 percent, respectively, from the same period in March, the CPCA said.

But in the fourth week, the average daily retail sales of car companies are expected to fall 14 percent from the fourth week of March, considering that automaker sales usually have an upward pulse at the end of the quarter, according to the CPCA.

With a large number of local government stimulus policies expiring at the end of March and fewer policy incentives in April, no strong stimulus policies are expected to provide support in the short term, the CPCA said.

China's Mar passenger NEV retail up 23.6% MoM to 543,000, CPCA data show

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China CPCA CPCA Ranking Deliveries Electric eMobility eV EV Data Monthly Data Tesla Tesla Model 3 Tesla Model Y

Tesla Model Y best-selling SUV in China in Mar with 54,937 units sold

From January to March, Model Y retail sales in China were 94,647 units, second only to BYD Song's 141,415 units.

The Model Y typically sees good results in an SUV ranking in China when Tesla (NASDAQ: TSLA) delivers more vehicles to local consumers at the end of each quarter.

The Model Y sold 54,937 retail units in China in March, placing it at No. 1 on the list of best-selling SUVs in the country, according to data released by the China Passenger Car Association (CPCA) on April 11.

Sales of the Tesla SUV in China last month rose 38.28 percent from 39,730 units a year earlier and 115.22 percent from 25,526 units in February, according to data monitored by CnEVPost.

BYD Song was the second best-selling SUV in China in March with 40,114 units sold at retail, according to the CPCA's ranking. BYD Yuan Plus ranked third with 27,907 units.

The BYD Song remained the best-selling SUV in China from January to March, with 141,415 units sold at retail, up 91.9 percent year-on-year.

The Tesla Model Y ranked second with 94,647 retail sales in China in January-March, up 26.7 percent year-on-year.

BYD Yuan Plus ranked third with 62,528 retail sales in January-March.

Tesla has a factory in Shanghai that produces the Model 3 sedan as well as the Model Y. Its pattern is to produce cars for export in the first half of each quarter and for the local market in the second half.

Tesla delivered 76,663 units in China in March and exported 12,206, according to data released by the CPCA on April 10.

Model 3 retail sales in China in March were 21,726 units, down 16.52 percent year-on-year and up 158.74 percent from February, according to the CPCA's latest figures.

This puts that Tesla sedan in 5th place in the March new energy sedan sales rankings, with BYD Qin in first place with 43,230 sales and BYD Dolphin in second place with 27,687 units.

From January to March, the Model 3 sold 42,782 units in China, up 27.3 percent year-on-year, making it the fifth best-selling new energy sedan in China during this period.

BYD Qin ranked first in new energy sedan sales from January to March with 87,955 retail units, while Hongguang Mini EV was second with 69,842 units and BYD Dolphin was third with 67,951 units.

Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

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China CPCA CPCA Ranking Electric eMobility eV EV Data Monthly Data Nio NIO ET5 NIO ET7 Top EVs

NIO ET5 ranks 7th in top-selling premium sedan list in China with 6,437 Mar sales

The models ahead of the ET5 are all from German luxury automakers Mercedes-Benz, BMW and Audi.  |  US | NIO HK | NIO SG

The ET5, which has been the main seller for NIO (NYSE: NIO) in recent months, saw its position unchanged in a premium sedan ranking last month.

With 6,437 retail sales in March, the ET5 ranked No. 7 in China for premium sedan sales starting at more than 300,000 yuan ($43,560), according to a list released today by the China Passenger Car Association (CPCA).

The ranking is the same as in February, when the ET5 sold 6,471 units at retail, as previously reported by CnEVPost.

The ET5 is the least expensive of the NIO product array, with a starting price of RMB 328,000. Deliveries of the model begin on September 30, 2022.

NIO delivered 10,378 vehicles in March, including 3,203 SUVs, and 7,175 sedans, according to figures the company announced on April 1.

Considering that NIO's sedans are only ET7 and ET5, this means that ET7 delivered 738 units in March.

The ET7 delivered 649 units in February. Earlier today, NIO announced that in addition to the new ES6, it will launch the 2023 ET7 on the first day of the Shanghai auto show on April 18.

Except for the ET5, none of the other models in the premium sedan sales ranking are battery-electric vehicles. The models with higher sales than the ET5 are all from German luxury car companies Mercedes-Benz, BMW and Audi.

The Audi A6L topped the list, with 15,614 retail sales in March, while the Mercedes-Benz C-Class ranked second with 14,145 units and the BMW 3 Series third with 13,924 units.

In January-March, the NIO ET5 ranked seventh with 18,703 units sold at retail. The model was No. 6 on the January-February list with 12,266 units sold.

The Mercedes-Benz E-Class was the best-selling premium sedan in China in the first three months with 40,261 units sold. The Audi A6L ranked second with 40,246 units. The BMW 3 Series ranked 3rd with 37,151 units.

As in March, the premium sedans that sold more than the ET5 in January-March were all from German luxury car companies.

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NIO to launch new ET7 at Shanghai auto show besides new ES6

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China’s Mar passenger NEV retail up 23.6% MoM to 543,000, CPCA data show

In retail, China's NEV penetration rate was 34.2 percent in March, up 6 percentage points from 28.2 percent in March 2022 and up from 31.6 percent in February.

Retail sales of new energy passenger vehicles (passenger NEVs) in China were 543,000 units in March, up 21.9 percent year-on-year and up 23.6 percent from February, according to data released by the China Passenger Car Association (CPCA) on April 10.

This is lower than the CPCA's preliminary figure of 549,000 units released on April 6, and lower than the 560,000 units it estimated in its March 25 report.

Battery electric vehicles (BEVs) continued to dominate, with 383,000 retail sales in March, accounting for 70.5 percent of all NEV retail sales. This represents a 6.4 percent year-on-year increase and a 30.1 percent increase from February.

Plug-in hybrid vehicles (PHEVs) accounted for 160,000 retail sales in March, contributing 29.5 percent of NEV retail sales, up 87.6 percent year-on-year and up 10.4 percent from February.

Retail sales of all passenger vehicles in China were 1,587,000 units in March, up 0.3 percent year-on-year and up 14.3 percent from February, according to the CPCA.

In terms of retail sales, China's NEV penetration rate was 34.2 percent in March, up 6 percentage points from 28.2 percent in March 2022 and up from 31.6 percent in February.

The penetration rate of NEVs was 54.7 percent for local brands, 33.6 percent for luxury brands and 4.2 percent for mainstream joint venture brands.

Wholesale sales of new energy passenger vehicles in China were 617,000 units in March, up 35.2 percent year-on-year and up 24.5 percent from February.

This represents a 31 percent penetration of NEVs at wholesale in March, up 6 percentage points from the 25.1 percent penetration in March 2022 and up from 30.6 percent in February.

Chinese domestic brands saw a NEV penetration of 46.4 percent at wholesale in March, compared to 36 percent for luxury brands and 3.7 percent for mainstream joint venture brands.

China exported 70,000 passenger NEVs in March, with BEVs accounting for 94.3 percent of the total.

SAIC passenger car unit exported 23,654 units, BYD 13,312 units and China 12,206 units in March.

The recent drop in the price of lithium carbonate has helped manufacturers launch more cost-effective NEV models, the CPCA said.

But at the same time, the recent price cuts by some NEV companies may trigger a wait-and-see mood among consumers, the CPCA said.

Tesla delivers 76,663 vehicles in China in Mar, exports 12,206 from Shanghai plant

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China CPCA Electric eMobility eV EV Data Industry News Monthly Data

China’s Mar NEV retail sales at 549,000 units, preliminary CPCA data show

This was up 27 percent from February, but below the CPCA's estimate of around 560,000 units announced in late March.

Retail sales of new energy passenger vehicles (passenger NEVs) in China were 549,000 units in March, up 5 percent year-on-year and up 27 percent from February, preliminary figures released today by the China Passenger Car Association (CPCA) show.

Notably, the CPCA's estimate released on March 24 showed that retail sales of passenger NEVs in China in March were expected to be around 560,000 units.

The lower figure released today means that the NEV market performed weaker in the last week of March than the CPCA had expected.

In the first quarter, retail sales of passenger NEVs in China were 1.139 million units, up 15 percent from a year earlier, the CPCA said today.

Wholesale sales of passenger NEVs in China rose 32 percent to 599,000 units in March, up 21 percent from the previous month.

In the first quarter, wholesale sales of passenger NEVs in China were 1.483 million units, up 24 percent from a year earlier.

Retail sales of all passenger vehicles in China were 1.596 million units in March, flat from a year ago and up 17 percent from last February, according to the CPCA.

This means that the penetration of passenger NEVs at retail in March was 34.4 percent, up 2.8 percentage points from 31.6 percent in February.

In the first quarter, retail sales of all passenger vehicles in China were 4.275 million units, down 13 percent year-on-year.

Wholesale sales of passenger vehicles in China were 1.955 million units in March, up 7 percent year-on-year and up 22 percent from February.

In the first quarter, China's passenger car wholesale sales were 5.021 million units, down 8 percent year-on-year.

With a large number of car companies stepping up their promotions in March, demand for cars was concentrated, putting pressure on the normal order of the market, the CPCA said.

From the performance of the first four weeks of March, the conversion rate of customer traffic is not high, consumers were in a wait-and-see mood, and the overall demand was weak, the CPCA said.

Here are the CPCA's weekly retail sales data for the Chinese passenger vehicle market in March, as announced today:

Average daily retail sales of passenger vehicles in the first week of March were 31,000 units, down 16 percent year-on-year and down 14 percent from the same period in February.

Average daily sales for the second week of March were 37,000 units, down 18 percent year-on-year and down 8 percent from the same period in February.

Average daily sales for the third week of March were 41,000 units, up 10 percent year-on-year and up 7 percent from the same period in February.

Average daily sales for the fourth week of March were 46,000 units, up 18 percent year-on-year but down 35 percent from the same period in February.

Sales for the fifth week of March were reported at 115,000 units, up 3 percent year-on-year and up 63 percent from the same period in February.

China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730

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China CPCA CPCA Estimates Deliveries Electric eMobility eV EV Data Expectations Industry News 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.

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

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China CPCA CPCA Estimates Electric eMobility eV EV Data Expectations Industry News Monthly Data

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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