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Plug-in electric car sales in China in October increased by some 113% year-over-year to the second highest monthly result ever – over 325,000.
Since the overall automotive market is down 5% year-over-year, plug-ins quickly expand their market share to 16%, including 13% for all-electric cars and 3% for PHEVs.
See more reports about plug-in vehicle sales in China here.
With the strong momentum, and the recent record in September, we should see new highs in November and December.
So far this year, over 2.3 million passenger plug-in cars were sold in China, which is 13.7% of the total market. BEV share stands at 11.1%.
Taking into consideration that the final months were usually the strongest in the past, the country is on a trajectory to exceed 3 million units in 2021 (significantly more than 1.27 million in 2020).
While the Wuling Hong Guang MINI EV (over 39,000 according to EV-volumes) remains the most popular EV in China, October was actually a big win for BYD, which has put four models in the top six. The company reports a total of 80,000 units. Tesla was focused mostly on export so only a small number, out of 54,000 cars, were sold in China.
Overall, many models have set its monthly records.
- Wuling Hong Guang MINI EV – 39,128
- BYD Qin Plus PHEV – 17,503
- Tesla Model Y – 13,303
- BYD Song Pro/Plus PHEV – 11,316
- BYD Qin Plus EV – 8,405
- BYD Han (BEV) – 8,287
- GAC Aion S – 8,020
- Great Wall Ora Good Cat – 7,845
- Li Xiang One EREV – 7,649
- Volkswagen ID.4 – 7,430
Year-to-date results are very interesting as well as it seems that the Tesla Model Y soon will pass the Model 3. Behind them, a huge wave of Chinese plug-ins is rising.
- Wuling Hong Guang MINI EV – 328,001
- Tesla Model 3 – 112,297
- Tesla Model Y – 106,236
- BYD Qin Plus PHEV – 76,213
- BYD Han (BEV) – 66,538
- Li Xiang One EREV – 62,919
- Changan Benni EV – 59,556
- GAC Aion S – 56,891
- Chery eQ – 51,459
- Great Wall Ora Black Cat – 51,166
BYD has expanded its year-to-date market share in the plug-in segment to 18%. It’s followed by SAIC-GM-Wuling joint venture (between SAIC, GM and Liuzhou Wuling Motors) – 15% and Tesla – 10%.
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