China's NEV market off to good start in February

Updated: March 9, 2023 Source: Belt and Road Portal
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Robots install car tires at the workshop of GAC Aion, an NEV subsidiary of Guangzhou Automobile Group Co., Ltd. (GAC Group), in Guangzhou, south China's Guangdong Province, Feb. 24, 2023. (Xinhua/Deng Hua)

China's new-energy vehicle (NEV) market basically got off to a flying start in February, as shown by robust year-on-year and month-on-month growth in sales of NEVs, a report released by the China Passenger Car Association (CPCA) showed on Tuesday. 

Last month, the retail sales of new energy passenger cars in China surged 59 percent year on year to 438,000 units, according to preliminary estimates by the CPCA.

Monthly, the sales rose by 32 percent, CPCA data showed.

Since the beginning of this year, a total of 770,000 new energy passenger cars were sold in China, up 23 percent year on year.

Besides, Chinese NEV manufacturers had strong wholesales last month. 

Data from the association also showed that wholesales of NEVs reached 500,000 units, surging 58 percent year on year and 29 percent month on month. 

Editor: Yu Huichen