Key Allies China analysis on NEV market in February 2022

NEV (New Energy Vehicles) monthly sales data and market analysis

2022/03/24

NEV (New Energy Vehicle) Industry Analysis
Installation status of drive motors, ECUs, and power batteries by manufacturer
Truck sales volumes
Bus sales volumes

NEV (New Energy Vehicle) Industry Analysis

This report is based on the “New Energy Vehicle (NEV) Industry Research Report” prepared by the Chinese consulting firm Key Allies; the report was edited and translated by MarkLines.

Table 1) NEV sales volume (thousand units)	Table 2) NEV sales share by vehicle type

Table 3) NEV monthly sales volume (thousand units)

(China Registrations)

February 2022 sales of New Energy Vehicles in China increased 159.5% year-over year (y/y) to 256,000 units. 578,000 New Energy Vehicles were sold in the January-February period, up 129.3% over the same period last year. Passenger cars accounted for 97.5% of New Energy Vehicle sales, trucks for 1.3%, and buses for 1.2%.

By province, sales in January-February 2022 were 80,000 units in Guangdong, up 146.3% y/y. 65,000 units were sold in the same period in Zhejiang, up 145.3% y/y, and 54,000 units were sold in Jiangsu, an increase of 180.2% y/y. By city, sales in Shanghai were 34,000 units, falling 3.9% y/y; in Shenzhen, sales were 25,000 units, an increase of 83.1% y/y; and in Hangzhou, sales were up 90.9% to 21,000 units.

Table 4) Top 10 provinces and cities by NEV sales in January to February 2022 (thousand units)

Table 5) NEV sales volume of the top 10 OEMs in the top 3 provinces (units)

(China Registrations)

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