China Passenger Car Association: New energy passenger car market retail sales in April reached 905,000 units, a year-on-year increase of 33.9%
According to the data from the China Passenger Car Association, the retail sales of new energy passenger vehicles in April reached 905,000 units, a year-on-year increase of 33.9% and a month-on-month decrease of 8.7%. The cumulative retail sales from January to April reached 3.324 million units, an increase of 35.7%. In April, the retail penetration rate of new energy vehicles in the overall domestic passenger vehicles was 51.5%, an increase of 7 percentage points from the same period last year. In the domestic retail sales in April, the penetration rate of new energy vehicles among independent brands was 72.8%; the penetration rate of new energy vehicles among luxury cars was 23.5%; and the penetration rate of new energy vehicles among mainstream joint venture brands was only 6.8%. From the perspective of the monthly domestic retail share of new energy vehicles, the retail share of independent brand new energy vehicles in April was 73%, an increase of 0.4 percentage points year-on-year; the share of mainstream joint venture brand new energy vehicles was 3.4%, a year-on-year decrease of 1.5 percentage points; the share of new forces was 19.4%, and brands such as Xiaopeng Motors, Leapmotor, and Xiaomi Motors drove the share of new forces to increase by 3.6 percentage points year-on-year; Tesla's share was 3.2%, a year-on-year decrease of 1.5 percentage points.