Chinese Passenger Car Association: The national wholesales of new energy vehicles for passenger cars in March are estimated to be 1.12 million units, the same as last year, an increase of 55% from February.

Association Branch: In February 2026, the wholesale sales of manufacturers with new energy sales of over 10,000 vehicles accounted for 93% of the total monthly sales of new energy passenger vehicles. According to preliminary data compiled in March, the March sales of these manufacturers with over 10,000 new energy sales in February were 990,000 vehicles. Currently, most manufacturers' sales have already been locked in, and the performance of some manufacturers with lower wholesale sales due to the Chinese New Year in February has been good in March. Therefore, based on the structure ratio of the previous month combined with this month's data, the estimated wholesale sales of new energy passenger vehicles in China in March are 1.12 million vehicles. In summary, according to the preliminary monthly Association data: In March 2026, the estimated wholesale sales of new energy passenger vehicles by manufacturers nationwide is 1.12 million vehicles, which is on par with last year, and an increase of 55% compared to February.