China × Cleantech — June 2020
Welcome to China × Cleantech — June 2020. Our China x Cleantech series covers top cleantech stories in China each month.
Welcome to China × Cleantech — June 2020. Our China x Cleantech series covers top cleantech stories in China each month.
While different electric vehicles may be #1 in different markets (the Renault Zoe in France, the Audi e-tron in Norway, the VW e-Golf in Germany), globally, there is no question which electric vehicle is the most popular. According to recently compiled data from EV Volumes, the Tesla Model 3 had nearly as many sales in the first half of 2020 as the 2nd best selling, 3rd best selling, 4th best selling, 5th best selling, 6th best selling, and 7th best selling plugin vehicles combined.
The overall Chinese market returned to negative numbers in June, down 6% year over year (YoY), but on paper, plugins fared much worse, down 53% last month.
NIO delivered 3,740 new cars in June and more than 10,000 cars in the second quarter. Both are company records.
NIO sales more than doubled year over year in May, but it was still blown away by the Tesla Model 3.
While the overall Chinese auto market returned to positive numbers in May (+7% year over year), plugins are still in the red and were down 32% last month, with close to 73,000 registrations.
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Plugin vehicle sales continue to recover in China. They were still down 29% year over year (YoY) in April, but that was the smallest drop so far this year. Slightly more than 61,000 units were registered in April.
With the Chinese market slowly returning to normal, now that China has endured the first wave of the COVID pandemic, sales have started to recover from February’s fall into the abyss. In March they dropped just 51%, to around 60,000 units, a significant improvement from the 65% fall of the previous month.
With the Chinese electric vehicle (EV) market suffering from the general lockdown due to the coronavirus pandemic, sales took an expected beating, with only 15,000 passenger EVs registered in February, the worst result in over 3 years, representing a 65% drop year over year.