Final feb retail NEV numbers are out. Turns out they were lower than preliminary estimates.
A few notables:
1. BEV share of total NEV sales keep increasing. It was 62% of all NEV sales in feb.
2. Total NEV penetration now close to 50%. Will we see NEV penetration cross 60% this year?
3. NEV penetration was 62% among local Chinese brands, 27% among luxury brands and 3% among mainstream JV brands.