China's new energy passenger car sales in March quadrupled from February: CPCA

Published: Apr 10, 2020 11:52

Save

China’s wholesale deliveries of new energy passenger vehicles stood at 56,000 units in March, 49.2% lower from the same period last year but nearly quadruple from February, said the China Passenger Car Association (CPCA) on April 9.

SHANGHAI, Apr 10 (SMM) – China’s wholesale deliveries of new energy passenger vehicles stood at 56,000 units in March, 49.2% lower from the same period last year but nearly quadruple from February, said the China Passenger Car Association (CPCA) on April 9.

Among this, wholesale volumes of plug-in hybrid vehicles were 9,200 units in March, down 59% year on year, with the wholesale of pure electric cars falling 48% on the year to 47,000 units.

Last month, sole-proprietorship and joint-venture automakers performed strongly and became the major driving force of China’s NEV market.

Tesla sold 10,160 Model 3 vehicles in China in March, up 160.5% from February and marking the producer’s best results in a single month ever, according to the CPCA.

Market commentary Car NEV

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

Silver Prices Rebounded and Rose, Downstream Remained Cautious with Limited Rigid Demand [SMM Daily Review]

6 hours ago

9 hours ago

NDRC Approves Jinshan Mining's 900,000 mt/year Erentaolegai Silver Mine Project in Inner Mongolia

According to an announcement by Shengda Metal, the Inner Mongolia National Development and Reform Commission (NDRC) issued the following approval regarding the project approval matter for Jinshan Mining's Erentaolegai Sections Ⅲ-IX Silver Mine 900,000 mt/year Underground Mining Engineering Project: The Erentaolegai Sections Ⅲ-IX Silver Mine 900,000 mt/year Underground Mining Engineering Project of Inner Mongolia Jinshan Mining Co., Ltd. is in compliance with national industrial policies, and the Erentaolegai Sections Ⅲ-IX Silver Mine 900,000 mt/year Underground Mining Engineering Project of Inner Mongolia Jinshan Mining Co., Ltd. is approved.

9 hours ago

11 hours ago

‘Shift from dollar reserves to gold is not a prediction but a trend’, BRICS+ demand could drive whole gold market - EBC

(Kitco News) – BRICS+ nations now hold 17.4% of global gold reserves, up from 11.2% in 2019, while the dollar’s share of global reserves fell to its lowest level since 1994 – and one BRICS member could well buy as much as all other countries combined, according to Michael Harris, technical analyst at EBC Financial Group.

11 hours ago