Chinese Auto Sales Drop in February, NEV Sales Account for 41.2% Amid Holiday Impact

Published: Mar 11, 2026 14:53

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[SMM Flash] According to CAAM data, auto production and sales in February totaled 1.672 million units and 1.805 million units, down 31.7% and 23.1% MoM, and down 20.5% and 15.2% YoY, respectively. In January-February, auto production and sales totaled 4.122 million units and 4.152 million units, down 9.5% and 8.8% YoY, respectively. In February, NEV production and sales totaled 694,000 units and 765,200 units, down 21.8% and 14.2% YoY, respectively. In January-February, NEV production and sales totaled 1.735 million units and 1.71 million units, down 8.8% and 6.9% YoY, respectively, with NEV sales accounting for 41.2% of total new vehicle sales.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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