Affected by the new crown pneumonia epidemic and the shortage of chip supply, the production and sales of mainland automobiles have declined year-on-year. However, in the field of new energy, the sales of new energy passenger cars under major car companies still maintain a large proportion of growth. According to the data of the Association of Passenger Vehicles, in March 2022, the national sales of new energy passenger vehicles were 444,700 units, an increase of 137.6% year-on-year.
Sales of new energy passenger car companies in March
BYD's monthly sales exceeded 100,000 units
As can be seen from the above table, under the influence of uncertain factors such as the epidemic, the top 15 new energy vehicle manufacturers have achieved year-on-year growth. BYD ranked first in both growth and sales, with BYD car sales exceeding 100,000 in March, with a total of 103229 units sold, up 334% year-on-year. In terms of sales, BYD Automobile's monthly sales of more than 10,000 models mainly include BYD Dolphin, BYD Qin PLUS DM-i, BYD Han EV, BYD Yuan PLUS and BYD Song DM. In the field of new energy, BYD Automobile has a very balanced product line portfolio. BYD has officially announced the suspension of production of fuel vehicles, and since March, fuel models such as F3 and BYD Song Plus have stopped production. These fuel vehicles account for a lower and lower proportion of ATD's overall production and sales, and the timely suspension of production not only occupies the public opinion opportunity, but also is more conducive to BYD's concentration of superior resources.
In addition to BYD Motors, Tesla China is also an important new energy passenger car company in China. Unlike BYD Automobile's models, Tesla's sales in China are currently mainly from the Model Y and Model 3 models. In March, Tesla sold a total of 65,754 vehicles, a new high this year. This sales volume has surpassed FAW Toyota, Guangqi Honda, Dongfeng Honda and other joint venture plants.
SAIC-GM-Wuling, Chery Automobile, and GAC Aeg new energy passenger car sales in March all exceeded 20,000 units. In March, SAIC-GM-Wuling sold 46,791 units, up 40.7% year-on-year, while Chery Automobile sold 20,350 units, up 261.5% year-on-year. The new energy passenger models sold by SAIC-GM-Wuling and Chery Automobile are mainly mini-vehicles. In terms of year-on-year growth rate, SAIC-GM-Wuling has a large base, and the year-on-year growth rate is significantly slower. GAC Aean relied on Aion Y to boost sales to more than 20,000 units. In March, GAC Aeon sold 20,317 units, up 189.7% year-on-year. This data can surpass all the new power enterprises, and it can be said that the development is very strong.
Ideal car sales are inferior to Nezha car
In terms of new car-making forces, Xiaopeng Automobile is still the highest-selling new car-making force enterprise. Xiaopeng Automobile sold 15,414 units in March, an increase of 202.1% year-on-year. At the same time, Nezha Automobile not only ranked second among the new forces, but also entered the top 10 sales in March. In March, Nezha Automobile sold 12,026 units, an increase of 270.5% year-on-year, surpassing the ideal car. Ideal Car, Zero Run Car, and NIO Auto have monthly sales of more than 9,000 units. In March, Nezha Automobile sold 12,026 units, an increase of 270.5% year-on-year; Ideal Automobile sold 11,034 units, an increase of 125.2% year-on-year; and Nio Automobile sold 9,985 units, an increase of 37.6% year-on-year. From the perspective of growth rate, Weilai Automobile's sales growth rate is the slowest. In March, NIO ET7 officially began delivery, with a delivery volume of 163 vehicles, which may become the next growth point of NIO. However, weilai stopped production for several days in April due to supply chain reasons caused by the epidemic. Including Tesla is also in a state of suspension, although Tesla is listed as a priority company to resume work, but the actual impact has been caused.
Japanese auto companies are making slower progress in the field of electrification
In March, FAW-Volkswagen and SAIC-Volkswagen were the two companies with the highest sales of new energy passenger cars in the joint venture. FAW-Volkswagen sold 7,230 units, up 38.8% year-on-year, while SAIC-Volkswagen sold 6,543 units, up 176.9% year-on-year. In addition, BMW Brilliance sold 4133 units, an increase of 29.3% year-on-year; Beijing Benz sold 2995 units, a year-on-year increase of 435.8%. From the perspective of sales, German automobile companies represented by Volkswagen, BMW and Mercedes-Benz are vigorously promoting the electrification strategy in China. At the same time, the sales of new energy passenger vehicles of Japanese companies such as Dongfeng Nissan, Dongfeng Honda, and Guangqi Honda have not exceeded 2,000 units. Japanese auto companies are making slow progress in the field of electrification. Recently, Toyota began to promote bZ4X pure electric SUV products on a large scale, Honda began to promote e:NS1 products, and Japanese cars will attack in the new energy track this year.
Sales of new energy passenger cars in China in March
Wuling Hongguang MINIEV is still the highest-selling new energy passenger car. In March, Wuling Hongguang MINIEV sold 41,980 units, an increase of 42.7% year-on-year. At the same time, QQ Ice Cream and Benben EV two small and micro electric passenger cars entered the top 10 sales in March. In March, QQ ice cream sold 11,687 units; Benz EV sold 10,707 units, an increase of 162.7% year-on-year.
Tesla's March production capacity in China is mainly used to meet domestic demand
Model Y and Model 3 sales continued to remain strong. In March, Model Y and Model 3 sold 39,730 units and 26,024 units respectively, an increase of 291.4% and 2.8% year-on-year. In terms of production, the production of Model Y and Model 3 is 32,809 units and 22,653 units, respectively. From the perspective of production and sales figures, Model Y and Model 3 have both appeared in the situation where domestic sales exceed production. Tesla's March production capacity in China is mainly used to meet domestic demand.
BYD has four models in the top 10 sales
In March, FOUR OF BYD models entered the top 10 in terms of sales. BYD Song DM sold 22,375 units, up 2990.5% year-on-year; BYD Qin PLUS DM-i sold 14,254 units, up 468.1% year-on-year; BYD Dolphin sold 10,448 units; BYD Han EV sold 10,156 units, up 27.7% year-on-year.
In terms of new car-making forces, the Ideal ONE is still the highest-selling model, with sales of 11,034 units, an increase of 125.2% year-on-year. In addition, Xiaopeng P7, Nezha V, Zero Run T03, Weilai ES6 and other four new car-making forces sold more than 5,000 vehicles in March. In March, Xiaopeng P7 sold 9183 units, an increase of 221.6% year-on-year; Nezha V sold 8122 units, an increase of 153.3% year-on-year; Zero Run T03 sold 5853 units, an increase of 107% year-on-year; NIO ES6 sold 5064 units, an increase of 60.7% year-on-year.
In terms of growth, the Hechuang HYCAN Z03 is the model with significant growth in new energy passenger car sales in March. As a brother model of AION Y with the same platform, many of the electrification technologies of the Z03 come from GAC Aeon. According to the data, the delivery volume of Hechuang HYCAN Z03 reached 1689 units in March, and the order volume exceeded 3000 units. According to the official data, the sales of Hechuang Automobile in March increased by 8,000% year-on-year. The Q&I M5 cooperated by Huawei and Jinkang has appeared in many Huawei stores, and its sales volume in March has reached 3,045 units. Sales of the Polar Fox αS and αT also reached 1015 and 608 units, respectively.