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New energy vehicle sales in February 2018 increased by 95.2% year-on-year

According to data released by the Equipment Industry Department of the Ministry of Industry and Information Technology, in February 2018, due to factors such as the Spring Festival holiday, automobile production and sales showed a significant decline year-on-year. In January-February, vehicle sales increased slightly year-on-year, and production declined year-on-year. In January-February, the automobile production was 4.394 million units, down 2.8% year-on-year; the sales volume was 4.527 million units, up 1.7% year-on-year.
In January-February, the cumulative production of passenger cars was 3.77 million units, down 3.8% year-on-year; sales were 3.932 million units, up 2.1% year-on-year. In January-February, the cumulative sales of Chinese brand passenger cars totaled 1.668 million, a year-on-year increase of 0.3%, accounting for 45% of the total sales of passenger cars. Among them, the sales volume of cars was 358,000, down 4.5% year-on-year, with a market share of 19.5%; The sales volume of SUV was 1.106 million units, up 13.1% year-on-year, with a market share of 63.8%; MPV sales were 243,000 units, down 23.4% year-on-year, with a market share of 80.9%. In January-February, the cumulative production of commercial vehicles was 624,000 units, a year-on-year increase of 3.8%; sales of 595,000 units, down 0.7% year-on-year. According to the production and sales of the models, the production and sales of passenger cars decreased by 6.5% and 21.2% respectively year-on-year; the production and sales of trucks decreased by 13.6% and 19.1% respectively.
In February, sales of new energy vehicles increased by 95.2% year-on-year, and production and sales of new energy vehicles completed 39,000 and 34,000 respectively, up 119.1% and 95.2% respectively. Among them, the production and sales of pure electric vehicles completed 29,000 and 23,000 respectively, up 89.4% and 68.4% respectively; the production and sales of plug-in hybrid vehicles completed 10,300 and 10,900 respectively, up 288.4% and 196.4% respectively. .
In January-February, the production and sales of new energy vehicles were 82,000 and 75,000 respectively, up 225.5% and 200% respectively. Among them, the production and sales of pure electric vehicles were 57,000 and 50,000 respectively, up 168.4% and 164.3% respectively; the production and sales of plug-in hybrid vehicles were 25,000 and 24,000 respectively, up 524.8% and 315.4% respectively. .