GAC Group sees NEV sales rocket 204.93% YoY in Feb. 2023

Shanghai (Gasgoo)- GAC Group announced on Wednesday it sold 161,219 vehicles in the second month of 2023, representing a 12.38% increase year-over-year.

Compared to the previous month, the group’s Feb. sales also climbed 9.58%.

Among its subsidiaries, GAC Toyota outshone others with a Feb. sales volume of 63,200 units, which leapt 26.15% from the previous year. The new energy vehicle (NEV)-dedicated GAC AION was the fastest-growing one with its Feb. sales surging 252.87% year on year to 30,086 units.

The two Sino-Japanese joint ventures—GAC Honda and GAC Mitsubishi—were the only two subsidiaries that faced a downward movement in Feb. sales.

Due to the sliding performance in Jan., GAC Group’s year-to-date sales dwindled 19.06% from the same span in 2022.

AION Y Plus; photo credit: GAC AION

Despite the overall downturn, GAC AION still saw its Jan.-Feb. sales surge 55.93% over a year ago.

The group noted its NEV sales came in at 31,951 units last month, rocketing 204.93% from the year-ago period.

For the Jan.-Feb. period, GAC Group sold 42,872 NEVs in total, indicating a 44.84% soar year-over-year. 

There were a total of five vehicle models whose respective Feb. sales all exceeded 10,000 units, namely, the AION S (16,827 units), the Accord series (16,050 units), the Camry series (15,403 units), the AION Y series (12,996 units), and the Levin series (10,149 units).