Passenger Federation: Domestic retail sales of new energy passenger vehicles in February reached 439,000 units, a year-on-year increase of 61% – Teller Report

Source: Caijing.comAuthor: Yan Qi2023-03-08 18:04

Financial NetworkAccording to news from Auto News on March 8, it was learned from the official website of the Passenger Federation that today the Passenger Federation released an analysis of the national passenger car market in February 2023. In February 2023, the retail sales of the passenger car market reached 1.39 million units, a year-on-year increase of 10.4%. A month-on-month increase of 7.5%.

According to the statistics of the Passenger Federation, the export of passenger vehicles (including complete vehicles and CKD) in February was 250,000 units, a year-on-year increase of 89% and a month-on-month increase of 8%. From January to February, 488,000 passenger vehicles were exported, a year-on-year increase of 61%. New energy vehicles accounted for 31% of total exports in February.

Manufacturers’ wholesale sales in February were 1.618 million vehicles, a year-on-year increase of 10.2% and a month-on-month increase of 11.7%. In February, wholesale sales of new energy passenger vehicles reached 496,000 units, up 56.1% YoY and 27.5% MoM. Manufacturers whose wholesale sales exceeded 10,000 vehicles rose to 10 (an increase of 3 month-on-month and 5 year-on-year), accounting for 83% of the total number of new energy passenger vehicles. Among them: BYD Automobile 191,664, Tesla China 74,402, GAC Aian 30,086, SAIC Passenger Vehicle 23,289, Geely Automobile 23,283, Changan Automobile 19,382, Ideal Auto 16,620, NIO 12,157, SAIC-GM Wuling 10,982 and Nezha 10,073.

In January this year, the sales of new energy vehicles brought about by the switch of the subsidy policy fell sharply. In February, the new energy vehicle market gradually adjusted in place. In February, domestic retail sales of new energy passenger vehicles reached 439,000 units, up 61.0% YoY and 32.8% MoM. In the first two months of this year, retail sales of new energy passenger vehicles reached 770,000 units, a year-on-year increase of 22.8%.

In February, the domestic retail penetration rate of new energy vehicles was 31.6%, an increase of 10 percentage points from the 21.7% penetration rate in February 2021.

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