Wholesale sales of new energy passenger vehicles reached 368,000 units in October, up 6.3% month-on-month and 148.1% year-on-year, according to data released by the Passenger Association on Nov. 8. From January to October, the wholesale of new energy passenger vehicles totaled 2.381,000 units, up 204.3% year on year.
New energy vehicles, new energy passenger vehicles, electric vehicles
In addition, retail sales of new energy passenger vehicles reached 321,000 units in October, up 141.1 percent year on year and down 3.9 percent month on month. From January to October, the retail sales of new energy vehicles reached 2.139 million units, up 191.9% year on year.
In terms of market penetration, the wholesale penetration rate of new energy vehicle manufacturers was 18.6% in October and 14.3% from January to October, which is significantly higher than the 5.8% penetration rate in 2020. In October, the penetration rate of new energy vehicles in independent brands was 30%; The penetration rate of new energy vehicles in luxury cars is 25%; And the penetration rate of new energy vehicles in the mainstream joint venture brands is only 2.7%. Wholesale sales of pure electric vehicles in October were 303,000 units, up 142.2% year on year. Plug-in hybrids sold 65,000 units, up 179.9% year on year, accounting for 18%. In October, sales of high-end electric vehicles grew strongly, with a strong trend in the middle and low-end. The wholesale sales volume of A00 class reached 94,000, accounting for 31% of pure electric; A0 level wholesale sales of 51,000, the share of pure electric 17%; A-class electric vehicles accounted for 25% of pure electric vehicles, up from the bottom; The number of B-class electric vehicles reached 79,000, down 8% month-on-month, accounting for 26% of pure electric vehicles.
In October, the domestic retail penetration rate of new energy vehicles was 18.8%, and the penetration rate from January to October was 13%, significantly higher than the 5.8% penetration rate in 2020. In October, the penetration rate of new energy vehicles in independent brands was 36%; The penetration rate of new energy vehicles in luxury cars is 12%; The penetration rate of new energy vehicles in mainstream joint venture brands is only 3.4%.
In terms of exports, the export of new energy vehicles showed explosive growth in October. Tesla China exported 40,666 new energy vehicles, SAIC passenger cars exported 6659 new energy vehicles, BYD 1026 vehicles, FAW Hongqi 424 vehicles, and other car companies are also poised to export new energy vehicles.
From the perspective of car companies, the Passenger Association said that the supply of new energy vehicles increased, both new forces, or traditional car companies, have recently launched competitive pure electric products, coupled with the continuous promotion of capacity expansion, effectively meet the needs of customers for new car experience, promote the market-oriented transformation of new energy demand.
In October, new energy passenger car market diversification, SAIC, GAC relatively strong performance, traditional car companies highlight. Byd pure electric and plug mixed dual wheel drive performance is stronger. The wholesale sales of manufacturers exceeded 10,000 units, including byd 80,373 units, Tesla China 54,391 units, SAIC-GM-Wuling 42,133 units, SAIC passenger Vehicles 24,085 units, GAC Aeon 12064 units and Xiaopeng 10,138 units. Byd's plug-in hybrid sales continued to rise to 38,641 units in October, up 17% month-on-month, pushing the growth of affordable plug-in hybrids into a new bright spot.
According to the analysis of ride Association, in October, the sales volume of xiaopeng, Nezha, Ideal, Weimar, NiO, Zero-Run and other new-power car enterprises performed well on the whole year-on-year and month-on-month, especially the second-tier new forces such as Nezha, Weimar and Zero-Run in Zhejiang province gradually rose. Among the mainstream joint venture brands, the retail sales of new energy vehicles of North and South Volkswagen are 16,318 units, occupying 72% share of the mainstream joint venture. BBA luxury car company BMW new energy reached 4283 units is also excellent, other joint ventures and luxury brands are still to develop.
Looking ahead to 2022, the Federation believes that there are certain positive factors supporting the domestic car market in 2022. With the improvement of various factors and conditions, such as the macro economy, chip supply, fresh demand, new-car effect and new energy, the growth potential is good. Among them, electrification and intelligence continue to bring incremental car market. In 2022, traditional vehicles are expected to be relatively flat overall, and the car market is mainly powered by new energy vehicles. It is expected that new energy vehicles will still bring an increment of millions in 2022.
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