Industry dynamics

Automakers' share of China NEV market in May: BYD tops with 33.4%, Tesla 3rd with 6.9%

Publishtime:1970-01-01 08:00:00 Views:34

In the January-May period, BYD was No. 1 in China's NEV market with a 34.0 percent share, while Tesla was No. 3 with 6.7 percent.

In China, NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles. BYD produces PHEVs, BEVs, while Tesla only produces BEVs.

Tesla China sold 72,573 vehicles in May, including 17,358 exported and 55,215 sold in China, according to data compiled by CnEVPost.

Tesla has a factory in Shanghai that produces the Model 3sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.

Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, it previously said.

Geely's NEV retail sales in May were up 148.3 percent to 56,172 units, placing it in second place with a 7.0 percent share. Its share was down slightly from 7.3 percent in April.

Changan Automobile's retail sales of NEVs in May were up 100.3 percent year-on-year to 48,777 units, placing it at No. 4 with a 6.1 percent share.

In January-May, BYD's retail sales of NEVs in China increased by 20.0 percent year-on-year to 1,108,363 units, ranking No. 1 with a 34.0 percent share.

Geely's NEV retail sales for the period were 242,779 units, up 126.9 percent year-on-year, and ranked second with a 7.5 percent share.

Tesla's retail sales in China in the January-May period were 219,056 units, down 0.4 percent year-on-year, and ranked third with a 6.7 percent share.

Changan's retail sales in January-May were 216,131 units, up 108.8 percent year-on-year, and ranked fourth with a 6.6 percent share.

In the passenger car market, which includes traditional fuel vehicles, BYD topped the retail ranking with a 15.7 percent share in May.

FAW-Volkswagen sold 124,029 units at retail in May, down 17.5 percent year-on-year, and ranked second with a 7.3 percent share.

Geely had retail sales of 123,768 units in May, up 31.6 percent year-on-year, and was third with a 7.2 percent share.

In the January-May period, BYD ranked first in China's passenger car market share with 13.7 percent, FAW-Volkswagen was second with 7.9 percent and Geely was third with 7.8 percent.

China EV insurance registrations for week ending Jun 9: Nio 3,500, Tesla 12,000, BYD 52,800, Xiaomi 2,100