The micro electric vehicle market is recovering, but competition is fierce

According to the data from the China Passenger Car Association, in the first three quarters of this year, the sales volume of micro pure electric vehicles (A00 class) reached 757,000 units, a year-on-year increase of 48%. The A00 class market has returned to the competitive landscape of 20 years ago, when Xiali, Chery, Geely, Changan, and BYD all had good A00 class products. Recently, the diversified A00 class main models and new products of BYD, Geely, Changan, Chery, etc. have performed outstandingly, and micro electric vehicles have gradually shown their incremental potential.