Industry dynamics

China NEV market share in Sept: BYD 34.5%, Tesla 5.8%, Nio 2.1%

Publishtime:1970-01-01 08:00:00 Views:14

In the January-September period, BYD took first place with a 36.3 percent share, Tesla was second with 8.4 percent and Nio was ninth with 2.1 percent.

BYD (OTCMKTS: BYDDY) continued to be the top carmaker in China's new energy vehicle (NEV) market in September, expanding its share from August.

BYD had retail sales of 257,736 NEVs in September, up 34.8 percent year-on-year, and captured 34.5 percent of China's NEV market share, according to a ranking released today by the China Passenger Car Association (CPCA).

The NEV giant's share grew 0.8 percentage points last month from 33.7 percent in August.

GAC Aion was second with 51,069 units sold, or a 6.8 percent share, and Geely was third with 50,954 NEVs sold, or a 6.8 percent share.

Tesla's retail sales in China were 43,507 in September, giving it a 5.8 percent share of the country's NEV market and placing it fourth in the CPCA's ranking.

Tesla's share of China's NEV market decreased by 3.2 percentage points last month compared to its 9.0 percent share in August.

Li Auto (NASDAQ: LI) was seventh in the CPCA ranking in September with retail sales of 36,060 units, or a 4.8 percent share, down from a 4.9 percent share in August.

Nio (NYSE: NIO) was 10th with 15,641 units sold, or 2.1 percent share, down from 2.7 percent share in August.

Xpeng (NYSE: XPEV) failed to make the list, with data released earlier this month showing it delivered 15,310 vehicles in September, contributing 2.05 percent of China's 746,000 NEV retail sales.