General Discussion, page-4221

Despite of gloomy media coverage, China is expected to continue growing NEV sales, 9m NEV sales for 2023 is conservative, imo.

NEV sales for March is expected to reach 560k units for domestic passenger cars only, adding commercial and export, likely to fetch 620k units, imo.


CPCA expects China's Mar NEV retail sales to rise 27.5% from Feb to 560,000 units
By Phate Zhang/CnEVPost


March 25, 2023 8:48 GMT+8
The overall market is recovering at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by big price cuts, the CPCA said.



The China Passenger Car Association (CPCA) expects China's new energy vehicle (NEV) sales to continue to recover this month from last month, although growth in the overall passenger car market remains slow.

The CPCA usually releases estimates of passenger vehicle sales at the end of the month, with preliminary data released early the following month, followed by final data.

It estimated February NEV retail sales in China at around 400,000 units on February 22, released a preliminary figure of 438,000 units on March 7, and released a final figure of 439,000 units on March 8.


China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show
By Lei Kang/CnEVPost


March 10, 2023 16:43 GMT+8
In January-February, China's vehicle sales decreased by 15.2 percent year-on-year while NEV sales increased by 20.8 percent year-on-year.



China saw new energy vehicle (NEV) sales of 525,000 units in February, up 55.9 percent year-on-year and up 28.7 percent from January, according to data released today by the China Association of Automobile Manufacturers (CAAM).