Plug-in vehicles continue to be all the rage in the Chinese auto market. Plugins returned to the fast lane in July, growing 112% year over year (YoY). They scored 505,000 registrations last month. Plug-in hybrids (PHEVs) grew 174% Year on Year (YoY). They reached a record 137,000 registrations in July. Their growth also outpaced BEV growth, which was an insignificant 96%….
Share-wise, with another strong performance in July, plugin vehicles hit “only27% market share, the overall passenger car market grew by 30%. That increase was thanks to the introduction of tax cuts on many fossil fuel models (registration taxes for cars with engine sizes under 2000 cc and prices under 300,000 CNY, or $44,000 were cut in half).
Fully electric vehicles (BEVs) alone accounted for 20% of the country’s auto sales last month! This puts the 2022 share at 26% (20% BEV).
If electrification continues at this pace, this market will be BEV-based by 2025! Imagine: the world’s largest automotive market has become BEV-based in three years!
Another measure of the importance of this market is the fact that China represented nearly 60% of global plugin registrations last month.
Looking at July’s best sellers, the BYD Song beats out the rest of the competition, including the tiny Wuling Mini EV!
Here’s more information and context on last month’s top 5:
#1 — BYD Song Plus (BEV+PHEV)
BYD is repeating the success of the Model Y with its own midsize SUV, and its ramp-up is still underway. The PHEV version got the record 32,367 registered In July, while BEV hit a record of approx 5,417 registered. This earned it the title of July bestseller, with 37,784 registered Slightly above the total of Wuling HongGuang Mini EV. Song’s ramp-up starts to slow down, so we may be close to discovering the model’s coasting pace (probably above 35,000 units/month). That should be enough to put its Tesla Model Y Arch rival in the rearview mirror.
#2 — Wuling HongGuang Mini EV
with 37,128 Registrations Last month, the tiny four-seater was forced to settle with the runner-up this time around. Still, with small EVs now traveling at around 35,000+ units per month, it has become a trend and a disruptive force in urban mobility. It has collected several big trophies in the cutthroat Chinese market along the way. And while many deride it as “not really a car”, the truth is that it succeeded in creating a whole new vehicle category, as evidenced by the large number of Wuling Mini EV copycat/inspired models being launched in this market. An added bonus is that the people who buy it (mostly women, often under the age of 35) are usually hard-to-capture audiences. The model and its success mark a new chapter in EV mobility.
#3 — Offer Why Plus (BEV+PHEV).
with a record 30,093 Registrations Last month, BYD’s midsize sedan achieved a podium appearance, with both variants scoring record performances (18,817 units for the PHEV, 11,276 for the BEV). It beat out its most direct rivals, the category runner-up, the Dongfeng E-Series, finishing at just #16 (only 7,583 registrations). With increased domestic competition (the BYD Destroyer 05 PHEV recently joined the top 20 and the BYD Seal BEV is said to be a candidate for the best seller trophy in 2023), one wonders how long the dynasty model will remain immune to BYD’s sales cannibalism. .
#4 — Han’s World (BEV+PHEV)
BYD’s flagship sedan safe 25,270 Registrations In July, June resulted in a near record 12,727 registered BEV version and a record 12,543 registered of the PHEV version. This is the result of a slight facelift and market launch of revised specs. The upgrade includes a new 85 kWh battery for the BEV version and up to a 38 kWh battery for the PHEVs, making both versions truly class-leading when we price them ($33,000 for the PHEV version and $41,000 for the BEV — Less than the base Tesla Model 3). This sales growth means the full-size BYD is casting a long shadow over its smaller sibling, the Kin Plus (as the midsizer needs more internal competition — see comment above). With tens of thousands of orders waiting for the revised Han to be fulfilled, expect the large sedan to remain among the top-selling models in the coming months, even if that means a higher proportion of PHEVs in its mix. In fact, with average sales now set at 200,000 units/year, it expects to win the full-size category – not only in China, but also globally.
#5 – Dolphin World
with a record 20,493 Registrations Last month, the small BYD jumped into the top 5. With less production disruption on the BYD side, BYD now seems to have room to increase production of its cheaper models. So, one wonders how high-end the compact hatchback-sized-as-MPV will be. About 35,000 units per month? Dolphin has the potential to become a trendsetter in many foreign markets, being the right size and price to do so. This model and its success could start a new chapter in EV mobility in many countries. Depends on BYD’s production capabilities/model focus, of course….
Looking at the rest of the best seller table, there were many record performances, besides the ones mentioned above (BYD Song, BYD Kin Plus, BYD Dolphin), below them we can see BYD flexing its muscles more.
In addition to placing 5 models in the top 6, Shenzhen automaker #6 BYD also registered a record 19,239 yuan plus score, its Sixth consecutive record performance (Proving that the compact crossover’s production ramp-up is far from over and it could soon reach 25,000 units/month). It also completes BYD’s lineup of sales champs in each category (Han in the full-size category; Song as the midsize king; Yuan as the leader in the compact category; and Dolphin #1 in the subcompact category). And don’t forget the upcoming BYD SeagullThe automaker’s future representative in the city EV category.
And a new star is rising in the BYD all-star lineup, the BYD Destroyer 05 PHEV is already on the table, at #17….
But enough about BYD – other models deserve a mention too, especially those with record scores. There’s the #7 GAC Aion Y, with 12,530 registrations, and the VW ID.4, which finished at #9 with a record 11,414 registrations. This was the second record score in a row for the German crossover, so it seems that Volkswagen has got its act together in China and is now looking to regain lost ground, confirmed by the fact that the big VW ID.6 crossover (4,832 units) And Compact ID.3 (4,611) also had record months.
In the second half of the table, we saw the Dongfeng Fengshen E-Series score another record month with 7,583 registrations, confirming that Dongfeng has also joined the EV bandwagon. At #19 we have the new Leap Motor C11, the startup midsize SUV debuting on the best-seller chart, thanks to a record 6,582 units. This should be another model to watch, as Leap Motor is one of the Chinese startups with high potential.
Outside the top 20, four (!) models have scored record performances, all of which go out for the rise of Geely with the potential to join the top 20 soon. The Chinese automaker hopes to challenge BYD’s current dominance, based on the model. Launched as a variant of the BYD Yuan Plus/Dolphin Fighter, the small crossover Geometry E had just 5,171 registrations in its second month. The Emgrand L Hi-X PHEV, a BYD Kin Plus competitor, had 5,586 registrations, in its second month on the market. Additionally, Geely’s Geometry A, a midsize BEV sedan (aka BYD Seal/Qin Plus EV Fighter), registered a record 5,286. Meanwhile, Geely’s luxury brand, Zeekr, sold 5,022 units of its large 001 fastback model last month, so Like the Porsche Panamera EV The ramp up continues, hoping to one day be able to run with the best in the category, which means BYD Han.
Apparently, Geely is trying to hit back at BYD’s model strategy.
above New blood Side, on top of the C11 record, Leap Motors saw its small T03 score another consistent performance, with 5,462 registrations last month. The XPeng P7 flagship had 6,397 deliveries, and Hozon’s Neta U compact crossover is on the rise (delivering 5,070 units in July).
Finally, highlighting another good month for GAC, apart from the aforementioned Aion Y record score, the Aion V compact crossover also registered a record month with 5,070 units. of all B League Among the Chinese EV manufacturers, GAC seems to be one of the most promising ones.
Wuling HongGuang Mini EV still #1
Looking at the 2022 rankings, the BYD Kin Plus took third place behind the Tesla Model Y. However, the American model is likely to regain the final spot on the podium in September.
Other BYDs on the rise were Dolphin, climbing to #6, and Yuan Plus, jumping three spots to #7. That makes 5 BYDs in the top seven spots!
For the second half of the electric car sales table, we have to highlight the VW ID.4’s climb to #17. The German automaker is looking to place its star player in a more deserving position.
Looking at auto brand rankings on electric car sales, BYD (27.8%, up from 28.9% share) remains the dominant force in the plug-in market, while behind the leader we have runner-up SGMW (9.5%) losing 0.3% share. It’s now a one-trick pony (the Wuling Mini EV) in an increasingly pulverized market that suffers from the fact that you need a full lineup of high-volume models to be successful.
At the moment, the Shenzhen automaker already has 9th Automaker title on bag.
For the usual reason The first month of the quarter is late, Tesla fell (7.2%, down from an 8.3% share) but held steady in third. Chery (4.8%, up slightly from 4.7%) remained fourth, and #5 GAC (4.4%, up from 4.2%) held its own at new #6 Volkswagen (3.7%, up from 3.4%).
GAC and Chery should also keep an eye on the two emerging giants that seem to be waking up – both #6 Volkswagen (3.7%) and #8 Geely (3.3%, up from 3.0%) are growing their shares and looking for the top. 5 posts soon.
Looking at OEMs/automotive groups/alliances in the electric car spaceBYD (27.8%) is comfortably ahead, while SAIC (12.9%, down from 13.4%) holds steady in the runner-up spot – despite sliding shares for both SGMW and. mother SAIC. Maybe they should find another star player besides Wuling Mini EV?
Tesla (7.2%) is firmly in last place on the podium and should gain some share in September.
Outside the electric car sales podium, things are more interesting, with #4 Geely–Volvo (5.1%, up from 5.4% share) distancing itself from #5 Chery (4.8%) while #6 GAC (4.5%, up from 4.4). %) and #7 Volkswagen Group (4.3%, up from 3.9%) are looking to reach for the cherry.
Soon we should have all five teams in the A-League (BYD, SAIC, Tesla, Geely–Volvo, and VW Group) lined up at the top as Geely–Volvo and Volkswagen Group reach the top sellers from the depths of the ocean. 5 and ruthlessly fighting for the top positions.
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