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China’s locally-produced new energy PV market takes a hit in Sept.

Monika From Gasgoo| October 15 , 2019 10:53 BJT

Shanghai (Gasgoo)- In September, the wholesale volume of China's locally-produced new energy passenger vehicles (NEPVs) reached roughly 65,000 units, slumping 33.4% year on year and also dropping 8% month on month, according to the China Passenger Car Association (CPCA).

For the first nine months, Chinese automakers sold around 778,000 NEPVs in total, a year-on-year increase of 29.4%.

The wholesale volume of all-electric PVs tumbled 30% over a year ago to 50,258 units in September, a sequela from the NEV subsidy phase-out.

The pure electric PV sector has been performing steadily in market share. It accounted for 79% and 77% of total year-to-date and Sept. NEPV sales respectively.

China’s locally-produced new energy PV market takes a hit in Sept.

(BYD Yuan EV, photo source: BYD)

Among all-electric PVs sold in September, 66% and 34% shares belonged to the car and SUV units respectively, versus 69% and 31% percentage for the year-ago period.

Meanwhile, Sept. PHEV sales reached 14,757 units, plunging 44% from the previous year, while climbing 6% from the previous month. According to Cui Dongshu, secretary-general of the CPCA, the share of PHEVs was increased between March and May thanks to increasingly more participants and models. Nevertheless, its market demand is still weaker than that of all-electric PVs.

China’s locally-produced new energy PV market takes a hit in Sept.

(Aion S, photo source: GAC NE)

With regard to performance of each segment, the wholesale volume of the A00-segment (equal to mini-sized) amounted to 12,017 units in September, sharply falling 57% over a year ago and accounting for 24% of total all-electric PV sales.

At the same time, the sales of the A-segment (equal to compact size) pure electric PVs edged down 1% to 29,391 units. The stable performance amid the overall downturn should be largely attributable to the driving force from private demands and car rental business.

With 6,116 units sold last month, the A0-segment (equal to small-sized) BEV sector suffered a year-on-year plunge of 49% and a month-on-month drop of 9%. Despite a comparatively small share, the B-segment (equal to medium size) sector achieved a tremendous year-over-year increase of 2,136% thanks to the injection of more new products.

China’s locally-produced new energy PV market takes a hit in Sept.

In terms of September retail sales, the BAIC EU Series and the Baojun NEV maintained their championship and runner-up place from August. The Aion S moved up 1 place to the second runner-up place. In addition, the BYD Yuan EV, the Chery eQ and the BYD Tang DM all posted year-on-year decrease of over 35%.

China’s locally-produced new energy PV market takes a hit in Sept.

Compared with August, the ranking of the top 6 NEPV models by Jan.-Sept. deliveries remained unchanged. Except the Chery eQ, the other models on the above list all obtained year-on-year growth.

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