[SMM data] Statistics on production and sales of New Energy vehicles in February

In February 2020, the production and sale of new energy vehicles reached 9951 and 12908 respectively, down 77.3 per cent and 72.4 per cent respectively from the previous month, and down 82.9 per cent and 75.2 per cent respectively from the same period last year.

Under the epidemic, there has also been a sharp decline in production and sales in the new energy vehicle industry. Among them, the production and sales of pure electric vehicles completed 8342 and 10680 respectively, down 80.5% and 72.6% respectively from the same period last year, while the production and sales of plug-in hybrid electric vehicles completed 1609 and 2228 respectively, down 89.5% and 82.9% respectively from the same period last year. On the other hand, fuel cell vehicles were not produced and sold. Coupled with the fact that only 47000 new energy vehicles were sold in January, the performance of new energy vehicles at the beginning of the year was still in a serious downward range.

From January to February, the production and sale of new energy vehicles reached 53840 and 59705 respectively, down 63.8 per cent and 59.5 per cent respectively from the same period last year. Among them, the production and sales of pure electric vehicles completed 38946 and 44557 respectively, down 64.4% and 60.7% respectively from the same period last year; the production and sales of plug-in hybrid electric vehicles completed 14749 and 14977 respectively, down 62.2% and 55.7% respectively from the same period last year; the production and sales of fuel cell vehicles completed 145 and 171 respectively, down 24.5% and 8.6% respectively from the same period last year.

Cui Dongshu, secretary-general of the National passenger car Market Information Association, said that due to the impact of the new crown pneumonia epidemic, dealers closed stores and people were unable to move, resulting in a complete downturn in the overall progress of sales and retailing. this also led to a sharp decline in the production and sales of new energy and new energy vehicles across the country in February. The new crown pneumonia outbreak is an emergency because the February production and sales data can only be used as a reference and should not be overinterpreted. From January to February, new energy vehicle sales fell by 59.6%, but lower than the overall decline in the domestic car market (79.1%), which fully reflects the existence of a certain market demand for new energy vehicles, which is a gratifying thing. With the impact of the epidemic gradually fading, the domestic new energy vehicle market may usher in an improvement in March. In April, China is expected to overtake Europe in sales of new energy vehicles. With the rapid development of the European new energy vehicle market, China also needs to give more policy support to promote the sustainable development of its own brand of new energy vehicles. In particular, subsidies for the level of micro-electric vehicles and the use of electric vehicles need to be further strengthened.