China’s Sept. homegrown new energy PV wholesales almost double YoY

Shanghai (Gasgoo)- In September, China's locally-produced new energy passenger vehicle (NEPV) wholesale volume exceeded 125,000 units, skyrocketing 99.6% from a year ago and jumping 24.1% from a month ago, according to the China Passenger Car Association (CPCA).

Hongguang MINI EV; photo credit: SAIC-GM-Wuling

With 24,386 NEPVs sold, SAIC-GM-Wuling (SGMW) was honored the No.1 automaker in China by Sept. NEPV wholesales, which was followed by BYD (19,048 units) and Tesla (11,329 units).

For the first nine months, automakers in China sold over 630,000 homegrown NEPVs, representing a year-on-year decrease of 18%.

As for retail sales, roughly 110,500 consumers in China took delivery of homegrown NEPVs last month, versus 61,500 units delivered in the year-ago period.

China’s NEV market has bottomed out from the pandemic-caused hardship, posting an evident rebound, said Cui Dongshu, secretary general of the CPCA. Affected by the pandemic, the demands of private commutation is growing, significantly boosting the private car consumption for the year of 2020. However, in the cities where automobile purchase restriction policy has been implemented, NEV market is still facing dismal sales, Cui added.

The Sept. wholesales of all-electric PVs zoomed up 103% from the previous year to 101,837 units, including 79,673 cars, 563 MPVs and 21,601 SUV. Of those, the sales of full-electric cars and MPVs soared 141% and 962% over a year earlier respectively, while SUV sales also leapt 26%. 

PHEV wholesales amounted to 22,876 units in September, surging 55% year on year. Cars accounted for 50% of the Sept. PHEV sales, a bit lower than that of the prior-year period. Besides, a total of 10,414 plug-in SUVs sold last month, a year-over-year hike of 66%.