Feb 2024: New Energy Vehicle Sales Data of Retail Market in China

Feb 2024: New Energy Vehicle Sales Data of Retail Market in China

New Energy Vehicle Sales Data of Retail Market of China
Time Period: Feb-24
No. NEV Manufacturer Feb 2024 Feb 2023 YoY Market Share
1 BYD Auto 118,802 176,662 -32.8% 30.6%
2 Geely Auto 31,364 21,796 43.9% 8.1%
3

5Tesla China 

30,141 33,923 -11.1% 7.8%
4 SAIC-GM-Wuling 27,945 32,212 -13.2% 7.2%
5 SERES 27,240 3,521 673.6% 7.0%
6 Changan Auto 23,859 18,766 27.1% 6.1%
7 Li Auto 20,251 16,620 21.8% 5.2%
8 GAC Aion 12,370 30,086 -58.9% 3.2%
9 Great Wall  11,195 7,405 51.2% 2.9%
10 NIO 8,132 12,157 -33.1% 2.1%

 

Resource: China Passager Car Association

Highlights of Sale Data of Feb 2024

1)  SERES gets the highest YoY rate of 673.6%, the only within top 10 models. The new M7 and M9 with latest Huawei's smart technologies are widely welcomed in family users, business owners, and technophiles;

2) Geely and Great Wall perform good as well as these 2 traditional giant auto makers are shifting their focus on new energy vehicles too. And their new released EV models are adopted by more and more users;

3) GAC AION gets the sharpest decrease of -58.9%. One reason is that its new high new EV models, Hyper GT and HT, are not performing good as pervious models; While the sales of previous models are badly affected by BYD's price reductions.

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