Tramway news: On March 8, the federation released data showing that the wholesale sales of new energy passenger cars reached 317,000 units in February, an increase of 189.1% year-on-year, down 24.1% month-on-month, and the month-on-month decline was smaller than that of previous years; the retail sales of new energy passenger cars in February reached 272,000 units, an increase of 180.5% year-on-year, down 22.6% month-on-month, and the month-on-month decline was smaller than the trend in February of the calendar year.
According to the analysis of the Association, in the new energy vehicle market, due to the impact of price increases, orders were weak in late January, but there was a significant recovery in February. Overall, although there are still local sporadic cases of the domestic epidemic, especially in megacities with main sales of new energy such as Shenzhen, Tianjin and Shanghai, the relatively mild epidemic prevention measures have no obvious impact on residents' travel and car purchase consumption, and have a role in promoting the sales of new energy vehicles.
Looking forward to March, the Association believes that the epidemic continues to occur repeatedly, and the customer demand for new energy vehicles is still an upward trend. With the decline of new energy subsidies and the rise in raw material prices, the slight adjustment of the prices of some models in the early stage has brought about a brief downturn in orders, the price acceptance of new energy vehicles has recovered after the Spring Festival, and many new energy vehicles still have a backlog of undelivered orders in the early stage, so the sales of new energy models in March will not be significantly affected by the decline.
Specifically, the wholesale penetration rate of new energy vehicle manufacturers in February was 21.8%, an increase of 12.2 percentage points over the penetration rate of 9.6% in February 2021. In February, the penetration rate of new energy vehicles of independent brands was 38%; the penetration rate of new energy vehicles in luxury vehicles was 29.4%,, while the penetration rate of new energy vehicles of mainstream joint venture brands was only 3.3%. In February, the wholesale sales of pure electric vehicles were 245,000 units, an increase of 161.7% year-on-year, and the sales of plug-in hybrids were 72,000 units, an increase of 350.9% year-on-year. In February, the sales of high-end electric vehicle models grew strongly, and the trend of low-end electric vehicles was also strong, and the dumbbell structure of the pure electric market improved, of which A00-class wholesale sales of 68,000 vehicles, accounting for 28% of pure electric vehicles; A0-class wholesale sales of 33,000, accounting for 14% of pure electric vehicles; A-class electric vehicles accounted for 23% of pure electric vehicles; B-class electric vehicles reached 85,000 units, down 15% month-on-month, accounting for 35% of pure electric shares.
In terms of retail, the domestic retail penetration rate of new energy vehicles in February was 21.8%, an increase of 13 percentage points from the 8.1% penetration rate in February 2021. In February, the penetration rate of new energy vehicles in independent brands was 41.9%, and the penetration rate of new energy vehicles in luxury vehicles was 17.4%, while the penetration rate of new energy vehicles in mainstream joint venture brands was only 3.5%.
In terms of exports, in February, 45,300 new energy vehicles were exported, accounting for 34% of the total exports: Tesla Exported 33,315 vehicles from China, SAIC Motor exported 4,325 new energy vehicles, Dongfeng EasyJet exported 4,536 vehicles, Dongfeng EasyJet exported 1,145 vehicles, BYD 804 vehicles, Geely Automobile 588 vehicles, SAIC Maxus 240 vehicles, and other car companies mainly imported new energy vehicles from the domestic market.
From the perspective of car companies, in February, the new energy passenger car market diversified, BYD pure electric and plug-and-mix two-wheel drive to consolidate the position of independent brand new energy leaders; SCO Group and GAC Group represented by the traditional car companies in the new energy sector performance is relatively prominent. There are 5 companies whose wholesale sales exceed 10,000 vehicles, an increase of 2 over the same period, including: BYD 87,473 units, Tesla China 56,515 vehicles, SAIC-GM-Wuling 26,046 vehicles, Geely Automobile 14,285 vehicles, chery Automobile 10,271 vehicles. BYD, Chery, Geely, SAIC Volkswagen, etc. grew 5-7 times year-on-year in February.