Excluding exports, domestic new energy vehicle sales in February 39.50,000 vehicles, down 9.8%, down 37.2%。

China's new energy vehicle (NEV) sales fell further in February from January due to the Lunar New Year holiday, according to data released today by the China Association of Automobile Manufacturers (CAAM)。

Data released today by the China Association of Automobile Manufacturers show that China's new energy vehicle sales in February were 47.70,000 vehicles, down 9.2%, down 34.6%。

The new energy vehicle sales announced by the China Automobile Association are the wholesale sales of car companies, including domestic sales as well as sales exported to overseas markets.。New energy vehicles include pure electric vehicles, plug-in hybrid vehicles and fuel cell vehicles。

The end of the year is usually the high point for Chinese car sales, while January and February are usually the low points, especially during the Lunar New Year month.。February 10-17 is the 2024 Spring Festival holiday, while last year's Spring Festival holiday was January 21-27, 2023.。

February sales of pure electric vehicles 29.40,000 vehicles, down 21.8%, down 33.93%。

Plug-in hybrid vehicle sales in February 18.30,000, up 22.4%, but down 35.56%。

Sales of 200 fuel cell vehicles in February, up 370% year-on-year。

National Car Sales in February 158.40,000 vehicles, down 19.9%, down 35.1%。

This means that the penetration rate of new energy vehicles in February was 30.1%, up from 29 in January.9%, back to more than 30%。

Excluding exports, domestic new energy vehicle sales in February 39.50,000 vehicles, down 9.8%, down 37.2%。

In February, China's auto exports 37.70,000 vehicles, up 14.7%, but down 14.9%。

Among them, the export volume of new energy vehicles was 82,000, down 5.9%, down 18.5%。

China's Pure Electric Vehicle Exports in February 6.60,000 vehicles, down 19.4%, down 19.1%。

Total exports of plug-in hybrid vehicles in February were 1.60,000, up 230% YoY, but down 15% QoQ.5%。