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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China's passenger NEV retail sales stood at 596,000 units in January 1-28, up 92 percent from a year earlier but down 24 percent from a month earlier, data from the CPCA showed. (Image credit: CnEVPost) China's new energy vehicle (NEV) sales were weak in the first four weeks of January and don't appear to be […]
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China's NEV sales performance didn't continue to deteriorate last week, despite the beginning of the year usually is a low point for sales.
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China's passenger car retail sales are estimated to be around 2.2 million units in January, down 6.5 percent from December.
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China's passenger car retail sales are estimated to be around 2.2 million units in January, down 6.5 percent from December.
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China's NEV sales performed even worse at retail last week, leading to a significant drop in sales in the first half of the month compared to the same period in December.
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In the first week of January, China's NEV retail sales were down 12 percent from the same period in December, while NEV wholesale sales were down 35 percent.
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BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
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China's retail penetration of passenger NEVs was 39.6 percent in December and 35.7 percent in 2023, according to preliminary CPCA data.
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Preliminary estimates show that for the full year 2023, China's wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA.
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