China’s new energy passenger vehicle sales expand growth in April by 15% M-o-M: CPCA

According to the latest report from the China Passenger Car Association (CPCA) on Monday, May 11, China’s wholesale deliveries of new energy passenger vehicles in April came in at 64,000 units, down 30 per cent from the same period last year but up month-on-month by 14.8 per cent as the business recovered from the fallout from the coronavirus crisis.

In March 2020, China’s new energy passenger vehicles wholesale deliveries were 56,000 units, marking a month-on-month rise of nearly three times from February. But compared to the same period last year, it was down by 49.2 per cent, according to CPCA data.

This means China’s new energy passenger vehicle sales have been registering a monthly growth over the past few months, despite being down compared to the previous year.

In April, wholesale deliveries of plug-in hybrid vehicles accounted for 21,500 units of the total volume, down 14 per cent over the year, with the wholesale of pure electric cars falling 36 per cent on the year to 42,300 units.

Chinese automakers accounted for 61.4 per cent of the new energy passenger vehicle sales with joint venture taking up 32.9 per cent.