On April 9, China Association of Automobile Manufacturers (CAAM) released the analysis report of China’s passenger vehicle market in March. The wholesale sales volume of new energy passenger vehicles in March reached 202,000, a month-on-month increase of 101.1% and a year-on-year increase of 261.3%. Among them, the wholesale sales volume of pure electric vehicles was 169,000, a year-on-year increase of 252.2%; the sales volume of plug-in hybrid vehicles was 33,000, a year-on-year increase of 313.3%.
In March, Tesla China’s wholesale sales volume was 35,478 units. Previously, Tesla China produced 23,632 units and sold 18,318 units in February. In addition, there were other companies with wholesale sales volume of over 10,000 units, such as SAIC-GM-Wuling with 41,491 units and BYD with 23,906 units.
(Source: CAAM)
CAAM stated that in March, new energy vehicle sales of NIO, Li Auto, WM Motor, Xpeng, Hezhong and Leap Motor, as well as other emerging brands, also performed well. The performance differentiation of new energy vehicles among major groups has intensified, with SAIC and GAC showing relatively strong performance. Among mainstream joint venture brands, Volkswagen brand electric vehicles account for 56% of the market share. The pure electric vehicles of BBA luxury car makers are in full production, and their products are still subject to market tests.
🔗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.