Passenger car market data for February 2026 released by the Passenger Car Association shows that there were 8 models with wholesale sales exceeding 20,000 units that month.Tesla Model Y topped the list with 41,404 units sold, nearly twice that of Xiaomi YU7 (20,196 units), becoming the best-selling passenger car model in the Chinese market in February.
In February, passenger car manufacturers nationwide sold 1.518 million units, a year-on-year decrease of 14.3% and a month-on-month decrease of 23.0%.
Against the backdrop of overall market pressure, the performance of leading models has been significantly differentiated. Tesla Model Y has bucked the trend and led the way by relying on its stable product strength and overseas export advantages.
In addition to Tesla Model Y,Geely Xingyuan ranked second with 37,859 units, and BYD Song ranked third with 34,071 units., two independent models followed closely behind, showing strong market competitiveness.
Independent models such as Chery Discovery 06, Geely Boyue, and Chery Tiggo 7 have also entered the list of wholesale sales exceeding 20,000 units. The share of independent car companies in the mainstream market continues to be stable.
As a newly popular model, Xiaomi YU7 has wholesale sales of 20,196 units in February, successfully ranking seventh on the list, and is tied with Seagull as the most popular entry-level model with sales exceeding 20,000.
From the perspective of market structure, wholesale sales of new energy passenger vehicles in February were 723,000 units, with a penetration rate of 47.6%, an increase of 1 percentage point from the same period last year.
