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China’s Jan.-Feb. new energy PV wholesale volume shoots up 132% year on year

Monika From Gasgoo| March 12 , 2019

Shanghai (Gasgoo)- For the first two months in 2019, China's new energy passenger vehicle (PV) wholesale volume surged 132% from a year ago to 141,958 units, among which the Feb. sales reached 50,783 units with a sharp year-on-year (YoY) growth of 74%, according to the data released by the China Passenger Car Association (CPCA).

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Last month, the BEV sales in China soared 105% over the previous year to 38,609 units, accounting for 76% of total new energy PV sales. To be specific, the sales of all-electric cars and SUVs significantly shot up 64% and 579% year on year respectively to 28,401 units and 10,207 units. However, there was only one pure electric MPV sold in February with a steep YoY decline of 83%.

Plug-in hybrid vehicle (PHEV) sales in February amounted to 12,174 units, climbing 18% over the year-ago period. Of that, the car and SUV sectors took up 42% and 58% of total PHEV sales.

Regarding the Feb. performance of each segment for BEV market, the A00- and B-segment sales slid 35% and 50% respectively from the year-ago period to 11,826 units and 3 units. However, the A0- and A-segment achieved tremendous YoY surge of 480% and 819% with 5,667 units and 20,458 units sold.

The B-segment vehicle was quite popular in PHEV market. Last month, there were 5,327 B-segment PHEVs sold with a marvelous YoY growth of 1,750%, accounting for 44% of total PHEV sales. Meanwhile, the A- and C-segment PHEV sales reached 6,508 units and 339 units respectively.

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The Geely Emgrand EV was crowned the champion new energy PV model by Feb. wholesale volume. The sales of the JMC E200S edged down 3.2% year on year, ranking sixth on the list. Besides, the Dongfeng Fengshen E70 entered the top 10 list in February with a striking YoY leap of 4275.9%.

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As to the year-to-date (YTD) sales, BYD gained three places of the top 5 models, namely, the BYD Yuan EV, the BYD e5 and the BYD Tang DM. The BAIC EU Series boasted a spectacular YoY growth of 2352.8%, topping other models included the top 10 list. 

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