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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Category: EV Industry
China's BEV sales in February totaled 544,000 units, up 85.1 percent year-on-year but down 5.2 percent from January.
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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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Dongfeng Honda has launched the Honda S7, offering two variants with starting prices of RMB 259,900 ($35,840) and RMB 309,900 respectively.
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Toyota's bZ3X seems to be seeing good initial acceptance, securing over 10,000 orders in its first hour of launch.
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First held in 1991, the Shenzhen auto show is held annually and is one of the largest auto shows in China.
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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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The battery swap business model is in line with China's carbon peak and carbon neutral strategies, and can solve EV charging difficulties, said GAC's chairman.
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In the first three quarters of 2024, Chery achieved a net income of RMB 11.3 billion, up 58.5 percent year-on-year.
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