In the first quarter of 2022, the production and sales of new energy vehicles in China completed 1.293 million and 1.257 million respectively, an increase of 1.4 times over the same period last year, maintaining a good momentum of development on the whole, with a market penetration rate of 19.3%, playing a leading role in the automobile industry. Recently, a large-scale epidemic has occurred in many places in China, which has led to the suspension of production in some new energy vehicle factories, and the rising prices of superimposed raw materials have led to an increase in vehicle prices, which has led to greater pressure on both supply and demand of the new energy vehicle market.

Overall, it maintained high-speed development in the first quarter. In March, the production and sales of new energy vehicles in China reached 465000 and 484000 respectively, a record high this year, with an increase of 1.1 times over the same period last year, and the growth rate slowed down from last month. In the first quarter, production and sales totaled 1.293 million and 1.257 million respectively, an increase of 1.4 times over the same period last year. The scale of production and sales was much higher than that of the same period in 2021, and continued to maintain rapid growth.

The production and sales of pure electric vehicles exceeded one million in the first quarter. In March, the production and sales of pure electric vehicles reached 376000 and 396000 respectively, an increase of 1.1 times over the same period last year, which was slower than that in February. In the first quarter, the cumulative production and sales of pure electric vehicles reached 1.036 million and 1.007 million respectively, both exceeding 100, an increase of 1.3 times over the same period last year.

The production and sales of plug-in hybrid cars continue to be strong. In March, the production and sales of plug-in hybrid vehicles completed 89000 and 88000 respectively, an increase of 1.6 times and 1.4 times respectively over the same period last year, and production and sales maintained a high level for five consecutive months. In the first quarter, the cumulative production and sales of plug-in hybrid vehicles completed 256,000 and 249000 respectively, an increase of 2.3 times and 2 times respectively over the same period last year, and market recognition continued to improve.

Market penetration continues to improve, and the leading role of the industry is further enhanced. In March, the monthly penetration rate of the new energy vehicle market reached 21.7%, an increase of 2.5 percentage points over the previous month and a record high. the penetration rate reached 19.3% in the first quarter, and the cumulative market penetration increased steadily to 15.7% in the past year. The leading role of new energy vehicles in the automotive industry as a whole continues to strengthen.

Exports fell significantly in March, and overseas markets fluctuated significantly. In March, China exported 16000 new energy vehicles, less than the previous month, an increase of 71.5% over the same period last year, and the growth rate dropped sharply compared with the previous month. Overseas markets were affected by multiple adverse factors and fluctuated obviously. In the first quarter, the total export of new energy vehicles was 121000, an increase of 2.9 times over the same period last year, and the overall performance is still outstanding. It should be noted that a large-scale epidemic has occurred in many places in China since 2022, which has led to the suspension of production of some new energy vehicles and supporting factories in the supply chain, the time of resumption of production is still uncertain, and the rising price of raw materials for superimposed power batteries has pushed up production costs. a number of car companies have clear price increase plans, and both ends of the supply and demand of the new energy vehicle market are facing greater pressure.