BYD was No. 1 in China’s NEV market in January-July with a 37.2 p.c share, whereas Tesla was No. 2 with an 8.7 p.c share.
BYD (OTCMKTS: BYDDY) and Tesla (NASDAQ: TSLA) had been the top-selling manufacturers in China’s new power automobile (NEV) market within the January-July interval, with the previous main by a large margin.
BYD was the top-selling model in China’s NEV market within the January-July interval with retail gross sales of 1,385,455 models, up 74.8 p.c year-on-year, and with a 37.2 p.c share of the market, in response to rankings launched yesterday by the China Passenger Automobile Affiliation (CPCA).
Tesla’s retail gross sales in China in January-July had been 325,528 models, up 58.0 p.c year-on-year, and ranked second with an 8.7 p.c share.
GAC Aion’s retail gross sales in January-July had been 254,361 models, up 98.9 p.c year-on-year, putting it in third place with a 6.8 p.c share.
Li Auto’s retail gross sales within the January-July interval had been up 144.6 p.c to 173,251 models, putting it sixth with a 4.7 p.c share. Nio’s gross sales within the interval had been up 23.2 p.c to 75,023 models, putting it ninth with a 2.0 p.c share.
BYD contributed 36.0 p.c of China’s NEV gross sales in July alone with retail gross sales of 230,882 models, up 45.2 p.c year-on-year.
In July, GAC Aion’s retail gross sales elevated by 79.9 p.c year-on-year to 45,025 models, putting it in second place within the July rating with a 7.0 p.c share.
Geely’s NEV retail gross sales in July had been 38,734 models, up 25.9 p.c year-on-year, and third with a 6.0 p.c share.
Li Auto, Tesla, and Nio bought 34,134, 31,423, and 20,462 models in July, with shares of 5.3 p.c, 4.9 p.c, and three.2 p.c, rating sixth, seventh, and ninth, respectively.
BYD was additionally the model with the very best retail gross sales in China in January-July, with a 12.3 p.c share, when conventional inner combustion engine automobiles are taken into consideration.
FAW-Volkswagen was second with an 8.8 p.c share after retail gross sales of 990,785 models in January-July, down 2.6 p.c year-on-year.
Changan Vehicle noticed retail gross sales of 748,726 models in January-July, up 11.3 p.c year-on-year, and was third with a 6.6 p.c share.
Automakers with highest retail gross sales of NEVs in China in Jan-Jul 2023
| Rating | Automaker | Jan-Jul 2023 | Jan-Jul 2022 | YoY | Share |
|---|---|---|---|---|---|
| 1 | BYD | 1,385,455 | 792,734 | 74.8% | 37.2% |
| 2 | Tesla China | 325,528 | 206,036 | 58.0% | 8.7% |
| 3 | GAC Aion | 254,361 | 127,885 | 98.9% | 6.8% |
| 4 | SAIC-GM-Wuling | 211,919 | 248,426 | -14.7% | 5.7% |
| 5 | Geely | 189,392 | 132,887 | 42.5% | 5.1% |
| 6 | Li Auto | 173,251 | 70,825 | 144.6% | 4.7% |
| 7 | Changan | 170,883 | 81,976 | 108.5% | 4.6% |
| 8 | Nice Wall Motor | 106,688 | 72,420 | 47.3% | 2.9% |
| 9 | Nio | 75,023 | 60,879 | 23.2% | 2.0% |
| 10 | Neta | 65,486 | 75,762 | -13.6% | 1.8% |
Automakers with highest retail gross sales in China in Jan-Jul 2023
| Rating | Automaker | Jan-Jul 2023 | Jan-Jul 2022 | YoY | Share |
|---|---|---|---|---|---|
| 1 | BYD | 1,385,455 | 797,411 | 73.7% | 12.3% |
| 2 | FAW-Volkswagen | 990,785 | 1,016,798 | -2.6% | 8.8% |
| 3 | Changan | 748,726 | 672,612 | 11.3% | 6.6% |
| 4 | Geely | 690,513 | 635,680 | 8.6% | 6.1% |
| 5 | SAIC-Volkswagen | 632,512 | 653,020 | -3.1% | 5.6% |
| 6 | GAC Toyota | 501,005 | 535,539 | -6.4% | 4.4% |
| 7 | SAIC-GM | 495,847 | 560,277 | -11.5% | 4.4% |
| 8 | FAW Toyota | 431,259 | 427,216 | 0.9% | 3.8% |
| 9 | BMW Brilliance | 393,717 | 368,451 | 6.9% | 3.5% |
| 10 | Dongfeng Nissan | 392,713 | 533,930 | -26.4% | 3.5% |
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