On March 9, the China Association of Automobile Manufacturers (CAAM) announced the analysis of the passenger vehicle market in February, in which the retail sales of new energy vehicles reached 97,000 units, a year-on-year increase of 675.0%, and a month-on-month decrease of 37.9% compared with January.
In February, Tesla’s production in China reached 23,632 vehicles, with sales of 18,318, compared to 15,484 in January. In addition, other companies with sales exceeding 10,000 units include SAIC-GM-Wuling with 20,819 units and BYD with 10,245 units.
（Source: CAAM）
The CAAM stated that the performance of new players in the field of new energy vehicles, such as NIO, Xpeng, WM Motor, XPeng, Hozon and Leapmotor, was also impressive. The performance of large auto groups in the new energy vehicle market continued to vary, with SAIC and GAC showing relatively strong performance. Luxury electric vehicles produced by BBA were fully launched, but lacked highlights.
🔗Source: CAAM
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.