On March 4, the China Passenger Car Association (CPCA) estimated that China’s new energy passenger vehicle wholesale volume was 840,000 units in February, a year-on-year increase of 82% and a month-on-month decrease of 5%, based on preliminary monthly data. That brings the cumulative wholesale volume from January to February this year to 1.73 million vehicles, a year-on-year increase of 49%.

Ranking	Automakers	NEV Wholesale Volume
1	BYD	318,233
2	Geely	98,433
3	SGMW	57,156
4	Chery	44,375
5	Changan	38,046
6	Tesla China	30,688
7	Xpeng	30,453
8	Li Auto	26,263
9	Leapmotor	25,287
10	GAC Aion	20,863
11	Xiaomi	20,000+
12	Dongfeng	19,680
13	GWM	15,121
14	Aito	15,023
15	Nio Group	13,192
16	FAW Bestune	7,404
17	SAIC Passenger Vehicles	7,371
18	Hongqi	7,346
19	Arcfox	5,089
20	Brilliance Auto	4,499
21	Livan	3,162
22	Dongfeng Xiaokang	3,048
23	Smart	2,919
24	SAIC-Volkswagen	2,742
25	GAC-Honda	2,728
26	GAC Passenger Vehicles	2,400
27	JMEV	1,574
28	SAIC-GM	1,534
29	FAW-Volkswagen	1,335
30	IM Motors	1,135
31	JAC	1,041
32	BAIC Passenger Vehicles	963
33	Dongfeng Honda	920
34	BAW	800
35	Dongfeng Nissan	706
36	SAIC Maxus	658
37	Dongfeng Yueda Kia	574
38	Changan Mazda	369
39	Skyworth	309
40	FAW Toyota	305
41	Hycan	20
42	GAC Toyota	11
–	Other Automakers Combined	6,225

In January, automakers whose wholesale volume of new energy passenger vehicles exceeded 10,000 units accounted for 91.8% of the total monthly new energy passenger vehicle wholesales. In February, the total wholesale volume of these automakers was 770,000 units. Using this proportion, the CPCA estimated February’s new energy passenger vehicles wholesale volume to be 840,000 units.

Looking at the chart, BYD continues to lead the market with more than 310,000 new energy passenger vehicle wholesales, followed by Geely with nearly 100,000 vehicles, which is approximately three times less than that of BYD. SAIC-GM-Wuling (SGMW) ranked third with 57,156 vehicles, while Chery came in fourth with 44,375 vehicles.

Moreover, the new energy vehicle startups including Li Auto, Xpeng, Leapmotor, Xiaomi, and GAC Aion all outperformed traditional automakers such as Great Wall Motor (GWM), Dongfeng, JAC, and BAW.

Source: CPCA