Category: Industry News

More Chinese EV makers promise no price cuts as price war intensifies consumer wait-and-see sentiment

Post author By Lei Kang/CnEVPost
Post date March 15, 2023

EV makers including Leapmotor, Neta and Denza have all introduced 90-day price protection policies.

(Image credit: Neta)

As the auto price war in China continues, some electric vehicle (EV) makers are beginning to make it clear that they will not cut prices in an attempt to dispel the wait-and-see sentiment of potential consumers.

EV makers including Leapmotor, Neta and Denza have all introduced price protection policies, after Li Auto (NASDAQ: LI) introduced a similar policy and NIO (NYSE: NIO) made it clear that the company would not cut prices.

Leapmotor announced yesterday that for consumers who purchase any of its models during this month, they will get the difference back if the price drops within 90 days or if the company offers additional cash discounts.

This is in line with a policy introduced earlier this week by Li Auto, whose salespeople said it was designed to make clear to consumers that its models would not be reduced in price.

Neta, Hozon Auto's EV brand, announced today that consumers who order its flagship sedan, the Neta S, by April 30 will not have to worry about the model's price dropping within 90 days.

If the price of the model drops within 90 days of the consumer's purchase, Neta will refund the difference.

Notably, along with the announcement of the price protection policy, Neta began offering an RMB 23,000 ($3,340) discount for the lowest-priced model of the Neta S, bringing the model's starting price down to RMB 179,800 from the previous RMB 202,800, valid until the end of April 30.

Neta models on sale also include the Neta V and Neta U, which start at less than RMB 150,000 and are not covered by its price protection policy.

Denza, BYD's premium brand, announced that if consumers who purchase its vehicles during the month see a drop in official guide prices will receive a rebate for the difference.

Geely Auto and Volvo Car's jointly held Lynk & Co brand also began offering a 90-day price protection policy that expires on April 30.

The increasing number of car companies joining the price war has led to an increased wait-and-see mood among consumers to avoid seeing price cuts soon after purchasing a car.

An NIO executive said yesterday that they noticed Li Auto's move and the company had considered whether to issue a similar policy.

But for NIO, it has previously made it clear that prices will not be lowered, the company's assistant vice president of sales operations Pu Yang said at a media event yesterday, adding that NIO is not only not cutting prices for 90 days, but prices will not change for a longer period of time.

(1 $= RMB 6.8843)

NIO won't get involved in price war, exec says

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Tags BYD, Geely, Leapmotor, Li Auto, Neta, NIO

China China Auto Market Electric eMobility eV Industry News Policy

China’s transition to new emission standard: How will this affect auto market?

Post author By Phate Zhang/CnEVPost
Post date March 13, 2023

Analysts believe the impact of the transition will not last long and will have less of an impact than the last switch in standards in 2019.

China's transition to new emission standard: How will this affect auto market?-CnEVPost

The recent price war in China's auto market has put a new emission standard that will come into effect in a few months' time in the spotlight.

CnEVPost obtained the views of several local analysts, which provide references on what impact that new emission standard will have on the auto industry.

As background, China released its final rule for stage 6 light-duty vehicle emission limits and measurement methods (China 6 standard) in December 2016, a new standard that combines best practices from European and US regulatory requirements.

The standard is being implemented in two phases, with the 6a standard already taking effect on July 1, 2020, and the 6b standard coming into effect on July 1, 2023.

CITIC Securities: Impact will not last long

From July 1, the China 6b standard will be fully implemented, which is more stringent in terms of emission standards and testing criteria compared with China 6a, especially the new RDE test that detects the actual driving emissions of the car, said Yin Xinchi, chief analyst of the auto industry at CITIC Securities, in a research note today.

There are still some old models on the market that do not meet China 6b emission regulations, and the de-stocking of these models may have an impact on the production, sales and prices of the auto industry, according to the note.

However, CITIC Securities also pointed out that the duration of the impact of the transition will not be too long, and the degree of impact will be significantly smaller than the switch of China's auto industry emission standard from China 5 to China 6a in 2019.

China Securities: Essence is the weakening competitiveness of JV brands

China's passenger car market will begin implementing the stricter China 6b emissions standard on July 1, which could exacerbate the pressure to de-stock older models, China Securities automotive industry chief analyst Cheng Siqi's team said in a research report today.

This may intensify the profitability pressure among car companies in the short term, but behind it reflects the further erosion of the competitiveness of second- and third-tier joint venture brands, according to the team.

Against the backdrop of rising market share of local Chinese brands and the ongoing electrification transformation of China's auto market, these joint venture brands have been forced to start cutting prices and de-stocking, the team said.

Huaxi Securities: Several regions have already completed the standard switch

The China 6b emissions standard will go into effect on July 1, and overall, this will have limited material impact on the auto industry, Huaxi Securities analyst Cui Yan's team said in a research note today.

The window for that transition is long, and several regions have already completed the transition ahead of schedule, such as Beijing, Shanghai, Guangzhou and Tianjin, according to the team.

Car companies previously experienced the pain of the transition from China 5 to the China 6a standard and this time are expected to prepare beforehand, the team said.

Inventories in the Chinese auto industry are currently at an above-average level, but the vast majority of inventories have been accrued since April 2022, according to the team.

The team believes the recent wave of price cuts in the Chinese auto industry is largely due to the penetration of new energy vehicles (NEVs) reaching about 30 percent and the willingness and ability of some leading car companies to grab market share.

The China automobile dealers VIA (Vehicle Inventory Alert Index) stood at 58.1 percent in February, up 2.0 percentage points from a year ago but down 3.7 percentage points from January, still sitting above the 50 percent mark, according to China Automobile Dealers Association data released earlier this month The data.

For the VIA, a value below 50 percent is a reasonable range, and a higher reading means lower market demand and greater inventory pressure, according to the index's description.

If you'd like to learn more about the China 6 standard, here's a report from the International Council on Clean Transportation, a nonprofit organization.

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China Electric eMobility eV FAW volkswagen Industry News Price Change Price Cut SAIC-Volkswagen

VW joins China auto price war, offers up to $5,820 discount on ID. series EVs

Post author By Lei Kang/CnEVPost
Post date March 13, 2023

FAW-Volkswagen's retail sales of NEVs in January-February were 9,572 units, down 8.3 percent from 10,442 units in the same period last year.

VW joins China auto price war, offers up to $5,820 discount on ID. series EVs-CnEVPost

The price war in China's auto industry continues, with Volkswagen becoming the latest to join in.

FAW-Volkswagen is offering discounts of up to RMB 40,000 yuan ($5,820) on the ID. family of models, with the lineup starting at as low as RMB 174,900 yuan, according to a poster posted on Weibo on March 11 by the Volkswagen joint venture in China.

This is to celebrate the second anniversary of the launch of the ID. family of models, according to the poster.

In addition to the discount, FAW-Volkswagen is offering consumers a free camping kit worth RMB 4,900.

FAW-Volkswagen's poster shows that these offers are for a limited time, but no expiration date is provided.

Currently, FAW-Volkswagen is selling the ID. series of ID.4 Crozz and ID.6 Crozz, two SUVs with suggested retail prices starting at RMB 217,900 and RMB 258,900 respectively.

In addition to FAW-Volkswagen, SAIC-Volkswagen, another Volkswagen joint venture in China, is also offering discounts for the ID. series EVs.

SAIC Volkswagen ID. series pure electric vehicles are offering discounts of up to RMB 30,000, and consumers can also receive up to RMB 10,000 worth of other benefits at dealership stores, according to a poster.

Like FAW-Volkswagen, SAIC-Volkswagen also offers the ID.4 series models, ID.4 X and ID.6 X, with suggested retail prices starting at RMB 195,888 and RMB 259,888, respectively.

In addition to the two ID. series models, SAIC Volkswagen also offers the compact ID.3 model with a suggested retail price starting at RMB 162,888.

Volkswagen had announced monthly sales of the ID. series EVs in late 2021 to early 2022, but then stopped publishing them.

FAW-Volkswagen's retail sales of NEVs in January-February were 9,572 units, down 8.3 percent from 10,442 units in the same period last year, according to a ranking released earlier this month by the China Passenger Car Association (CPCA). SAIC Volkswagen did not make it into the ranking of top sellers of NEVs in China.

FAW-Volkswagen's January-February retail sales of all vehicles were down 24.9 percent to 221,946 units, according to the CPCA. SAIC-Volkswagen's retail sales of all vehicles for the same period were down 29 percent to 154,631 units.

($1 = RMB 6.8695)

China auto price war: BMW dealers offer discounts of up to $14,360 for i3

VW joins China auto price war, offers up to $5,820 discount on ID. series EVs-CnEVPost

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Changan China Electric eMobility eV Industry News Price Cut Shenlan Tesla

Changan’s EV brand Shenlan offers up to $6,030 discount on vehicle purchases

Post author By Lei Kang/CnEVPost
Post date March 10, 2023

Shenlan is currently selling only one model, the SL03, a Tesla Model 3 competitor, with 4,103 units delivered in February.

(Image credit: Shenlan)

Shenlan, Changan Automobile's new energy vehicle (NEV) brand, is offering consumers tens of thousands of yuan in incentives to purchase vehicles as the auto price war in China continues.

Shenlan, based in the southwestern Chinese city of Chongqing, announced today that it is offering discounts of up to 42,000 yuan ($6,030) on vehicle purchases.

The offer includes an RMB 22,000 cash subsidy and up to RMB 20,000 in option benefits.

The subsidy is valid from March 10 to March 31 and is limited to 10,000 units.

Shenlan, Changan's NEV brand announced in 2022, officially launched the Shenlan SL03 electric sedan on July 25, another strong competitor to the Model 3.

Unlike the Tesla Model 3, the Shenlan SL03 is available in three powertrain variants -- an all-electric version, an extended-range version and a version with a hydrogen fuel cell.

The Shenlan SL03 BEV currently has a starting price of RMB 189,900, lower than the Model 3's starting price of RMB 229,900 in China, and the SL03 EREV starts at RMB 171,900.

Shenlan began deliveries of the SL03 at the end of August 2022 and has delivered a total of 37,328 units as of the end of February this year, including 4,103 units last month.

On March 5, Shenlan officially unveiled its second model, the Shenlan S7, a model similar to the Tesla Model Y crossover, in Shanghai.

In addition to the Shenlan brand, Changan is offering car purchase incentives for its other sub-brands.

Changan announced yesterday that for consumers who buy any of its passenger cars and get a delivery this month, they will receive a coupon for thousands of yuan.

($1 = RMB 6.9675)

China auto price war: BMW dealers offer discounts of up to $14,360 for i3

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Tags Tesla

CAAM China Deliveries Electric eMobility eV EV Data Industry News Monthly Data

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show

Post author By Lei Kang/CnEVPost
Post date March 10, 2023

In January-February, China's vehicle sales decreased by 15.2 percent year-on-year while NEV sales increased by 20.8 percent year-on-year.

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show-CnEVPost

China saw new energy vehicle (NEV) sales of 525,000 units in February, up 55.9 percent year-on-year and up 28.7 percent from January, according to data released today by the China Association of Automobile Manufacturers (CAAM).

The CAAM figures are wholesale sales by vehicle companies, where NEVs include battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs) and fuel cell vehicles.

China generated sales of 376,000 BEVs in February, up 43.9 percent year-on-year. PHEV sales were 149,000 units, up 98.0 percent year-on-year. Sales of fuel cell vehicles were 40 units, down 77.5 percent year-on-year.

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show-CnEVPost

Sales of all vehicles in China were 1.976 million units in February, up 13.5 percent year-on-year and up 19.83 percent from January.

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show-CnEVPost

This means that the penetration rate of NEVs in China by the CAAM figures was 26.6 percent in February, up 1.9 percentage points from 24.7 in January.

China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show-CnEVPost

Production of NEVs in China was 552,000 units in January, up 48.8 percent year-on-year and up 29.9 percent from January.

Production of all vehicles in China in January was 2,032,000 units, up 11.9 percent year-on-year and 27.5 percent from January.

It is worth noting that last year, February 1-6 was the New Year's holiday, which caused disruptions to sales and production at that time. This year, that holiday was January 21-27.

Because the Chinese New Year holiday fell in the same month last year and in January this year, and some local governments introduced policies to boost auto consumption last month, China's auto production and sales increased significantly in February, the CAAM said.

In February, 329,000 vehicles were exported from China, up 82.2 percent year-on-year and up 9.4 percent from January.

Among them, exports of NEVs were 87,000 units, up 79.5 percent year-on-year and up 5.3 percent from January.

In January-February, China's vehicle sales were 3.625 million units, down 15.2 percent from a year earlier, according to the CAAM.

NEVs sold 933,000 units in January-February, up 20.8 percent year-on-year, with a market share of 25.7 percent.

In the first two months, sales of models priced at RMB 150,000 ($21,540) to RMB 250,000 and those priced at RMB 350,000 to RMB 500,000 increased year-on-year, while sales of models in other price segments declined.

For conventional internal combustion engine vehicles, sales of models in the price range of RMB 300,000 to RMB 350,000 increased year-on-year in January-February, while sales of models in all other price ranges declined.

($1 = RMB 6.9624)

Full CPCA rankings: Top-selling models and automakers in China in Feb

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China CPCA CPCA Ranking Electric eMobility eV EV Data Industry News Monthly Data Tesla Top EVs

Full CPCA rankings: Top-selling models and automakers in China in Feb

Post author By Lei Kang/CnEVPost
Post date March 10, 2023

This article contains 20 tables compiled by CnEVPost based on data from the CPCA, showing which models and car companies sold the most in China in February.

The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese auto industry.

CnEVPost highlighted the NIO ET5 and Tesla's Model Y on these lists in yesterday's articles.

Here are 20 tables CnEVPost compiled based on data from the CPCA, in case you wish to know more details about these rankings.

Top-selling sedans at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BYD Qin	30,540	24,501	24.6%
2	Hongguang Mini EV	30,267	26,116	15.9%
3	Nissan Sylphy	26,102	28,519	-8.5%
4	BYD Dolphin	22,682	8,561	164.9%
5	Volkswagen Lavida	21,269	26,707	-20.4%
6	Aion S	16,827	3,380	397.8%
7	Volkswagen Sagitar	14,526	12,540	15.8%
8	Toyota Camry	14,401	14,228	1.2%
9	Honda Accord	13,218	13,816	-4.3%
10	Toyota Levin	13,200	9,142	44.4%
11	Toyota Corolla	12,899	15,595	-17.3%
12	Geely Emgrand	12,347	12,574	-1.8%
13	BYD Han	12,265	9,284	32.1%
14	Audi A6L	12,167	8,153	49.2%
15	Mercedes-Benz E-Class	12,153	9,378	29.6%

Top-selling sedans at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Nissan Sylphy	49,609	78,501	-36.8%
2	Volkswagen Lavida	48,186	71,995	-33.1%
3	Wuling Hongguang Mini	46,683	52,798	-11.6%
4	BYD Qin	44,725	51,043	-12.4%
5	BYD Dolphin	40,264	19,163	110.1%
6	Volkswagen Sagitar	34,980	40,275	-13.1%
7	Toyota Camry	28,797	39,178	-26.5%
8	Honda Accord	27,812	36,723	-24.3%
9	Mercedes-Benz E-Class	26,696	30,398	-12.2%
10	BMW 5 Series	25,737	35,444	-27.4%
11	Toyota Corolla	25,489	26,242	-2.9%
12	Audi A6L	24,632	21,220	16.1%
13	Geely Emgrand	24,491	32,825	-25.4%
14	BYD Han	23,983	22,064	8.7%
15	Volkswagen Bora	23,596	32,040	-26.4%

Top-selling high-end sedans at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	Audi A6L	12,167	8,153	49.2%
2	Mercedes-Benz E-Class	12,153	9,378	29.6%
3	Mercedes-Benz C-Class	11,869	5,298	124.0%
4	BMW 5 Series	9,609	9,352	2.7%
5	BMW 3 Series	8,868	10,185	-12.9%
6	Audi A4L	6,935	9,460	-26.7%
7	NIO ET5	6,471	NA	NA
8	BMW 3 Series BEV	2,976	NA	NA
9	Volvo S90	2,893	1,666	73.6%
10	Hongqi H9	1,159	1,477	-21.5%
High-end models are those with a starting price of more than RMB 300,000.

Top-selling high-end sedans at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Mercedes-Benz E-Class	26,696	30,398	-12.2%
2	BMW 5 Series	25,737	35,444	-27.4%
3	Audi A6L	24,632	21,220	16.1%
4	Mercedes-Benz C-Class	17,762	15,571	14.1%
5	BMW 3 Series	16,627	34,581	-51.9%
6	NIO ET5	12,266	NA	NA
7	Audi A4L	11,878	26,204	-54.7%
8	BMW 3 Series BEV	6,600	NA	NA
9	Volvo S90	5,174	4,552	13.7%
10	Hongqi H9	1,962	4,563	-57.0%
High-end models are those with a starting price of more than RMB 300,000.

Top-selling new energy sedans at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BYD Qin	30,540	24,501	24.6%
2	Wuling Hongguang Mini	30,267	26,116	15.9%
3	BYD Dolphin	22,682	8,561	164.9%
4	Aion S	16,827	3,380	397.8%
5	BYD Han	12,265	9,284	32.1%
6	Changan Lumin	9,105	NA	NA
7	Tesla Model 3	8,397	4,607	82.3%
8	BYD Seal	7,754	NA	NA
9	Geely Panda Mini	6,661	NA	NA
10	NIO ET5	6,471	NA	NA
11	BYD Destroyer 05	4,760	NA	NA
12	Shenlan SL03	4,103	NA	NA
13	Chery QQ Ice Cream	3,134	6,442	-51.4%
14	BMW 3 Series BEV	2,976	NA	NA
15	Buick Velite 6	2,923	2,014	45.1%

Top-selling new energy sedans at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Wuling Hongguang Mini	46,683	52,798	-11.6%
2	BYD Qin	44,725	51,043	-12.4%
3	BYD Dolphin	40,264	19,163	110.1%
4	BYD Han	23,983	22,064	8.7%
5	Aion S	21,918	10,429	110.2%
6	Tesla Model 3	21,056	7,595	177.2%
7	BYD Seal	14,372	NA	NA
8	Changan Lumin	13,816	NA	NA
9	NIO ET5	12,266	NA	NA
10	Shenlan SL03	10,240	NA	NA
11	BYD Destroyer 05	9,616	NA	NA
12	Hongqi E-QM5	9,174	1,130	711.9%
13	Geely Panda Mini	6,661	NA	NA
14	BMW 3 Series BEV	6,600	NA	NA
15	Chery QQ Ice Cream	5,870	16,426	-64.3%

Top-selling SUVs at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BYD Song	51,592	24,532	110.3%
2	Tesla Model Y	25,526	18,593	37.3%
3	BYD Yuan Plus	20,279	4,515	349.1%
4	Haval H6	16,489	18,790	-12.2%
5	Honda CR-V	14,052	22,260	-36.9%
6	Changan CS75	13,410	12,297	9.1%
7	Changan CS55	13,086	5,013	161.0%
8	Aion Y	12,996	2,986	335.2%
9	BYD Tang	12,029	10,026	20.0%
10	Geely Boyue L	11,637	NA	NA
11	Hongqi HS5	11,320	9,106	24.3%
12	BMW X3	11,317	8,819	28.3%
13	Nissan Qashqai	9,704	9,743	-0.4%
14	Geely Xingyue L	9,611	7,022	36.9%
15	Toyota Wildlander	9,383	7,994	17.4%

Top-selling SUVs at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	BYD Song	101,301	46,981	115.60%
2	Tesla Model Y	39,710	34,951	13.60%
3	Changan CS75	35,030	44,419	-21.10%
4	BYD Yuan Plus	34,621	6,515	431.40%
5	Haval H6	33,152	52,108	-36.40%
6	Changan CS55	26,106	34,864	-25.10%
7	Geely Boyue L	25,272	NA	NA
8	Mercedes-Benz GLC	23,125	32,289	-28.40%
9	BMW X3	21,930	28,361	-22.70%
10	Honda CR-V	21,690	39,875	-45.60%
11	BYD Tang	20,571	18,873	9.00%
12	Geely Xingyue L	19,859	18,505	7.30%
13	Hongqi HS5	17,947	25,385	-29.30%
14	Geely Binyue	17,900	14,952	19.70%
15	Aion Y	17,788	9,399	89.30%

Top-selling high-end SUVs at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BMW X3	11,317	8,819	28.3%
2	Mercedes-Benz GLC	8,808	9,958	-11.5%
3	Audi Q5L	8,414	8,859	-5.0%
4	Li Auto L8	8,192	NA	NA
5	Li Auto Li L9	7,299	NA	NA
6	BMW X5	7,034	NA	NA
7	Mercedes-Benz GLB	5,954	3,030	96.5%
8	Volvo XC60	4,973	3,085	61.2%
9	Cadillac XT5	3,483	3,154	10.4%
10	Volkswagen Teramont	3,085	2,655	16.2%

Top-selling high-end SUVs at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Mercedes-Benz GLC	23,125	32,289	-28.4%
2	BMW X3	21,930	28,361	-22.7%
3	BMW X5	17,728	NA	NA
4	Li Auto Li L9	15,295	NA	NA
5	Audi Q5L	14,881	25,921	-42.6%
6	Li Auto L8	14,291	NA	NA
7	Volvo XC60	9,769	8,249	18.4%
8	Mercedes-Benz GLB	9,138	9,537	-4.2%
9	Volkswagen Teramont	5,945	7,491	-20.6%
10	Cadillac XT5	4,340	8,331	-47.9%

Top-selling new energy SUVs at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BYD Song	51,592	22,754	126.70%
2	Tesla Model Y	25,526	18,593	37.30%
3	BYD Yuan Plus	20,279	4,515	349.10%
4	Aion Y	12,996	2,986	335.20%
5	BYD Tang	12,029	10,026	20.00%
6	Li Auto L8	8,192	NA	NA
7	Li Auto Li L9	7,299	NA	NA
8	BYD Frigate 07	6,429	NA	NA
9	Neta V	5,013	4,073	23.10%
10	Zeekr 001	4,839	2,916	65.90%
11	Smart #1	3,616	NA	NA
12	Neta U	3,012	3,044	-1.10%
13	BMW X3	2,859	1,472	94.20%
14	NIO ES6	2,848	3,309	-13.90%
15	AITO M5	2,298	1,061	116.60%

Top-selling new energy SUVs at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	BYD Song	101,301	43,476	133.0%
2	Zeekr 001	39,710	34,951	13.6%
3	Tesla Model Y	34,621	6,515	431.4%
4	BYD Yuan Plus	20,571	18,873	9.0%
5	BYD Tang	17,788	9,399	89.3%
6	Aion Y	15,295	NA	NA
7	Li Auto Li L9	14,291	NA	NA
8	Li Auto L8	11,472	NA	NA
9	BYD Frigate 07	8,500	10,555	-19.5%
10	Neta V	7,955	6,446	23.4%
11	Smart #1	6,786	NA	NA
12	BMW X3	5,122	3,203	59.9%
13	AITO M5	5,030	1,876	168.1%
14	Neta U	4,024	7,571	-46.8%
15	NIO ES6	3,720	8,556	-56.5%

Top-selling MPVs at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	Wuling Hongguang	12,933	17,847	-27.50%
2	Buick GL8	8,011	9,090	-11.90%
3	Denza D9	7,325	NA	NA
4	GAC Trumpchi M8	6,331	5,001	26.60%
5	Toyota Sienna	5,653	4,120	37.20%
6	Toyota Granvia	4,384	NA	NA
7	Wuling Jiachen	3,921	NA	NA
8	GAC Trumpchi M6	3,745	2,039	83.70%
9	Dongfeng Fengxing Lingzhi	2,919	3,357	-13.00%
10	Honda Elysion	2,750	2,497	10.10%
11	Honda Odyssey	2,033	3,069	-33.80%
12	Brilliance Xinyuan Jinhaishi	1,700	781	117.70%
13	JAC Ruifeng	1,686	1,007	67.40%
14	Buick Century	1,614	NA	NA
15	Mercedes-Benz Vito	1,408	847	66.20%

Top-selling MPVs at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Wuling Hongguang	23,415	43,910	-46.70%
2	Denza D9	13,763	NA	NA
3	Toyota Sienna	12,274	8,449	45.30%
4	Buick GL8	11,328	25,147	-55.00%
5	GAC Trumpchi M8	10,862	7,010	55.00%
6	Wuling Jiachen	8,553	NA	NA
7	GAC Trumpchi M6	6,252	8,350	-25.10%
8	Toyota Granvia	6,234	NA	NA
9	Honda Elysion	4,297	4,788	-10.30%
10	Dongfeng Fengxing Lingzhi	4,090	8,399	-51.30%
11	Honda Odyssey	3,792	7,921	-52.10%
12	Buick Century	3,204	NA	NA
13	JAC Ruifeng	3,186	3,606	-11.60%
14	Brilliance Xinyuan Jinhaishi	2,165	1,141	89.70%
15	Mercedes-Benz V-Class	2,064	2,797	-26.20%

Automakers with highest retail sales of NEVs in China in Feb 2023
Ranking	Automaker	Feb 2023	Feb 2022	YoY	Share
1	BYD	176,662	86,669	103.8%	39.8%
2	Tesla China	33,923	23,200	46.2%	7.6%
3	SAIC-GM-Wuling	32,709	29,229	11.9%	7.4%
4	GAC Aion	30,086	8,526	252.9%	6.8%
5	Geely	22,391	13,697	63.5%	5.0%
6	Changan	19,106	5,560	243.6%	4.3%
7	Li Auto	16,620	8,414	97.5%	3.7%
8	NIO	12,157	6,131	98.3%	2.7%
9	Neta	10,073	7,117	41.5%	2.3%
10	Chery	7,999	10,718	-25.4%	1.8%
11	Great Wall Motor	7,405	6,347	16.7%	1.7%
12	BMW Brilliance	6,568	2,762	137.8%	1.5%
13	FAW-Volkswagen	6,069	4,934	23.0%	1.4%
14	XPeng	6,010	6,225	-3.5%	1.4%
15	SAIC-GM	3,694	2,208	67.3%	0.8%

Automakers with highest retail sales of NEVs in China in Jan-Feb 2023
Ranking	Automaker	Jan-Feb 2023	Jan-Feb 2022	YoY	Share
1	BYD	316,417	179,457	76.3%	40.8%
2	Tesla China	60,766	42,546	42.8%	7.8%
3	SAIC-GM-Wuling	50,433	59,563	-15.3%	6.5%
4	GAC Aion	40,292	24,557	64.1%	5.2%
5	Changan	37,332	15,412	142.2%	4.8%
6	Geely	32,674	31,102	5.1%	4.2%
7	Li Auto	31,761	20,682	53.6%	4.1%
8	NIO	20,663	15,783	30.9%	2.7%
9	Neta	16,089	18,126	-11.2%	2.1%
10	BMW Brilliance	13,705	7,986	71.6%	1.8%
11	Chery	13,293	31,367	-57.6%	1.7%
12	Great Wall Motor	12,474	19,720	-36.7%	1.6%
13	XPeng	11,228	19,147	-41.4%	1.4%
14	FAW Hongqi	11,059	1,802	513.7%	1.4%
15	FAW-Volkswagen	9,572	10,442	-8.3%	1.2%

Automakers with highest retail sales in China in Feb 2023
Ranking	Automaker	Feb 2023	Feb 2022	YoY	Share
1	BYD	176,662	89,102	98.30%	12.70%
2	FAW-Volkswagen	110,511	104,945	5.30%	8.00%
3	Changan	92,802	60,682	52.90%	6.70%
4	Geely	91,179	68,627	32.90%	6.60%
5	SAIC-Volkswagen	74,013	80,158	-7.70%	5.30%
6	GAC Toyota	67,029	53,094	26.20%	4.80%
7	SAIC-GM-Wuling	57,307	59,967	-4.40%	4.10%
8	Dongfeng Nissan	56,719	63,583	-10.80%	4.10%
9	SAIC-GM	53,021	73,021	-27.40%	3.80%
10	FAW Toyota	49,959	60,313	-17.20%	3.60%
11	BMW Brilliance	49,342	37,001	33.40%	3.60%
12	Beijing Benz	46,855	32,685	43.40%	3.40%
13	Great Wall Motor	39,472	55,666	-29.10%	2.80%
14	Chery	39,135	33,608	16.40%	2.80%
15	Dongfeng Honda	38,307	54,907	-30.20%	2.80%

Automakers with highest retail sales in China in Jan-Feb 2023
Ranking	Automaker	Jan-Feb 2023	Jan-Feb 2022	YoY	Share
1	BYD	316,417	184,134	71.8%	11.8%
2	FAW-Volkswagen	221,946	295,719	-24.9%	8.3%
3	Changan	209,825	204,238	2.7%	7.8%
4	Geely	179,526	201,117	-10.7%	6.7%
5	SAIC-Volkswagen	154,631	217,775	-29.0%	5.8%
6	GAC Toyota	128,142	140,731	-8.9%	4.8%
7	SAIC-GM	108,042	193,042	-44.0%	4.0%
8	BMW Brilliance	106,109	126,084	-15.8%	4.0%
9	Dongfeng Nissan	102,337	174,520	-41.4%	3.8%
10	SAIC-GM-Wuling	101,572	145,738	-30.3%	3.8%
11	FAW Toyota	93,746	101,158	-7.3%	3.5%
12	Beijing Benz	89,212	102,752	-13.2%	3.3%
13	Chery	80,269	110,194	-27.2%	3.0%
14	Great Wall Motor	77,205	145,407	-46.9%	2.9%
15	GAC Honda	76,136	131,678	-42.2%	2.8%

Automakers with highest wholesale sales in China in Feb 2023
Ranking	Automaker	Feb 2023	Feb 2022	YoY	Share
1	BYD	191,664	90,268	112.3%	11.9%
2	Changan	116,407	69,014	68.7%	7.2%
3	Geely	108,701	78,478	38.5%	6.7%
4	FAW-Volkswagen	105,007	128,876	-18.5%	6.5%
5	Chery	96,553	54,405	77.5%	6.0%
6	Tesla China	74,402	56,515	31.7%	4.6%
7	SAIC-Volkswagen	73,303	90,604	-19.1%	4.5%
8	SAIC-GM	68,157	76,006	-10.3%	4.2%
9	Dongfeng Nissan	66,818	86,301	-22.6%	4.1%
10	GAC Toyota	63,200	50,100	26.1%	3.9%
11	SAIC Passenger Vehicle	58,336	64,007	-8.9%	3.6%
12	FAW Toyota	54,888	75,918	-27.7%	3.4%
13	BMW Brilliance	52,871	43,558	21.4%	3.3%
14	Beijing Benz	52,300	40,000	30.8%	3.2%
15	Great Wall Motor	51,053	59,155	-13.7%	3.2%

Automakers with highest wholesale sales in China in Jan-Feb 2023
Ranking	Automaker	Jan-Feb 2023	Jan-Feb 2022	YoY	Share
1	BYD	341,828	185,623	84.2%	11.2%
2	Changan	239,881	228,247	5.1%	7.8%
3	FAW-Volkswagen	217,040	311,876	-30.4%	7.1%
4	Geely	212,153	224,858	-5.7%	6.9%
5	Chery	191,766	135,643	41.4%	6.3%
6	SAIC-Volkswagen	145,311	221,211	-34.3%	4.7%
7	Tesla China	140,453	116,360	20.7%	4.6%
8	GAC Toyota	138,700	150,000	-7.5%	4.5%
9	SAIC-GM	123,158	186,013	-33.8%	4.0%
10	SAIC Passenger Vehicle	113,630	130,241	-12.8%	3.7%
11	BMW Brilliance	111,138	122,645	-09.4%	3.6%
12	Dongfeng Nissan	101,837	213,424	-52.3%	3.3%
13	Great Wall Motor	100,892	158,073	-36.2%	3.3%
14	Beijing Benz	96,310	93,800	2.7%	3.1%
15	FAW Toyota	91,352	127,370	-28.3%	3.0%

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Tags BYD, GAC Aion, Geely, Li Auto, Neta, NIO, Tesla, XPeng, Zeekr

BMW BMW i3 China Electric eMobility eV Industry News Price Cut

China auto price war: BMW dealers offer discounts of up to $14,360 for i3

Post author By Lei Kang/CnEVPost
Post date March 9, 2023

A rare price stampede is taking place in the Chinese auto market.

(Image from BMW China Weibo)

As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

In the past two days, rumors have surfaced that BMW dealers are offering massive subsidies for the i3 in China, and that consumers who pay full cash for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.

BMW insiders deny this, local media Cailian reported today. However, salespeople at BMW dealers say they are indeed offering discounts, and that these measures were introduced only this month, according to the report.

For the BMW i3 eDrive35 L, which currently has a guide price of RMB 353,900, the cost after discounts is RMB 248,000, the report said, citing BMW dealership sources.

Consumers will also receive an additional RMB 6,000 subsidy if they trade in their vehicles, the sources said.

BMW officially made the BMW i3 available in China on March 31, 2022, when only one version, the BMW i3 eDrive35L, was offered, and only for the Chinese market.

BMW's suggested retail price for the BMW i3 eDrive35L at the time was RMB 349,900, and its website currently displays a suggested retail price of RMB 353,900.

On February 20, BMW announced the launch of the BMW i3 eDrive40L in China, offering two versions with starting prices of RMB 383,900 and RMB 413,900 respectively.

The BMW i3 eDrive40L is the premium model of the BMW i3 with better performance and a longer range, the company said in a press release.

Notably, in late November last year, a media report said that Chinese consumers were offered discounts of RMB 80,000-100,000 by dealers when purchasing the BMW i3.

There were even dealers offering discounts of RMB 105,000, equivalent to a 30 percent discount, bringing the vehicle's selling price down to around RMB 245,000, Cheshi reported at the time.

These deals seem to have worked to boost sales in the past few months, as the BMW 3 Series BEV, or BMW i3, sold 2,976 units at retail in China in February, placing it as No. 8 on the list of high-end sedans with a starting price above RMB 300,000 in China, according to a list released earlier today by the China Passenger Car Association (CPCA). A list.

In addition to BMW, Mercedes-Benz dealers are also rumored to be offering huge discounts, including up to RMB 110,000 for the Mercedes-Benz C-Class and Mercedes-Benz E-Class.

Cailian today quoted a Mercedes insider as saying there is no such thing. A salesperson at a Mercedes-Benz dealership store in Beijing said that the information circulating on the Internet was untrue and that consumers could only get discounts on their purchases if they registered their vehicles in Beijing.

The Mercedes-Benz C-Class is currently discounted by RMB 60,000 and the Mercedes-Benz E-Class by RMB 50,000, the salesperson said.

The rumors and the dealers' moves come as the Chinese auto industry is staging a rare price war.

Earlier this month, authorities in central China's Hubei province joined forces with a number of local car companies to offer subsidies to consumers for car purchases of up to RMB 90,000 for some models, marking the open entry of fuel models into the price war.

As things stand, car companies are already stampeding each other, Cailian quoted auto industry analyst Zhu Yulong as saying.

The previous price cuts by Tesla had a big impact on the car market, and whoever acts first now will have a head start, Zhu said.

For the internal combustion engine vehicle market, new emission standards that will come into effect on July 1 are one of the major factors that will cause them to cut prices.

China will start enforcing national standard 6b in the second half of the year, which is described as the world's most stringent emissions standard and will force car companies to try to clear their inventories by July, Cailian said, citing a source from consulting firm Ways.

It is worth noting that the sharp price cuts by ICE car companies, which appeared in the process of reducing prices or offering discounts by electric vehicle companies, also brought an impact to the NEV industry.

Earlier today, BYD announced that consumers who order the BYD Song Plus series from March 10 to March 31 will receive a discount of RMB 6,800, or RMB 8,800 for the Seal.

(1 $= RMB 6.9643)

Automakers in central China's Hubei offer hefty subsidies as sales pressure mounts

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Tags BYD

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

China Feb retail sales of passenger NEVs up 32.8% from Jan to 439,000 units, CPCA data show

Post author By Lei Kang/CnEVPost
Post date March 8, 2023

In terms of retail sales, China's NEV penetration rate was 31.6 percent in February, up nearly 10 percentage points from a year ago and up from 25.7 percent in January.

The post China Feb retail sales of passenger NEVs up 32.8% from Jan to 439,000 units, CPCA data show appeared first on CnEVPost.

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

China Feb retail sales of passenger NEVs up 32.8% from Jan to 439,000 units, CPCA data show

Post author By Lei Kang/CnEVPost
Post date March 8, 2023

In terms of retail sales, China's NEV penetration rate was 31.6 percent in February, up nearly 10 percentage points from a year ago and up from 25.7 percent in January.

The post China Feb retail sales of passenger NEVs up 32.8% from Jan to 439,000 units, CPCA data show appeared first on CnEVPost.

For more articles, please visit CnEVPost.