Plugin vehicles continue to trend in the Chinese auto market. Plugins are back in the fast lane, growing 132% year over year (YoY). They made over 565,000 registrations in June, a new record. Plugin Hybrid (PHEV) Enhanced 179% Year to Year (YoY). They reached a record 124,000 registrations in June. Their growth even outpaced the growth of BEV, which was a modest 121%,
Share-wise, with record performance in June, plug-in vehicles hitOnlyThe overall passenger car market grew by 41%, followed by a 28% market share. This boom was thanks to the introduction of tax deductions on most fossil fuel models (cars with engine sizes less than 2000 cc and cars costing less than 300,000 CNY or $44,000 halved their registration tax). Full Electrics (BEV) alone accounts for 22% of the country’s auto sales! This pulled the stock up to 26% (20% BEV) by 2022.
If electrification continues at this pace, then by 2025 this market will become BEV based! Imagine that: the largest automotive market in the world is BEV-based in three years’ time!
Another measure of the importance of this market is the fact that last month alone China represented more than half of global plugin registrations.
Tesla Model Y #1 Overall!
Looking at the June best sellers, the highlight is the Tesla Model Y beating out the rest of the competition, including a slightly wooing Mini EV, and winning the Best Seller title – not just in the EV category, but overall!
In fact, the top positions in the overall market were populated by the plugin model. In addition to winning the Tesla Model Y’s leadership position, Wuling Mini EV was in third place, BYD Song (BEV+PHEV) finished the month in 5th place, Tesla Model 3 was in 8th place, BYD Han (BEV+) PHEV) was 9th, and BYD Qin Plus (BEV+PHEV) was 11th!
This meant that there were 6 plugin models in the top 11 overall. and 5 were in fossil fuel models (#2 Nissan Sylphy, #4 Toyota Corolla, #6 VW Lavida, #7 VW Bora, #10 Honda CR-V). Minority….
Here’s more information and context about the top 5 of the past month:
#1 — Tesla Model Y
with a record 52,150 Registration Last month, the family-friendly Tesla took home the title of June’s overall best seller. This was thanks to the post-Covid lockdown production ramp-up, and the fact that there were few exports, allowing the manufacturer to focus on domestic allocation, to meet the increased order backlog. With increased production and an average waiting list of 4 months, expect Tesla’s crossover to continue to hold the top spots in the future.
#2 – Wuling Hongguang Mini EV
with 46,249 Registration Last month, the smaller four-seater had to settle for the runner-up spot this time. Nevertheless, with the small EV now hovering around 35,000+ units per month, it has become a trendsetter and a disruptive force in urban mobility. It has collected a lot of big trophies in the Chinese market cut along the way. And while many people ridicule it for “not really being a car”, the truth is that for a little over $4,000 USD, you have an EV that has 4 wheels, 4 seats and a roof – which In addition, it is enough to run daily work for many people. apparently larger than many anticipated, The added bonus is that the people buying it (mostly women under 35) are usually a tough audience. The model and its success mark a new chapter in EV mobility.
#3 – BYD Song Plus (BEV+PHEV)
BYD is trying to replicate the success of the Model Y with its mid-size SUV, the ramp-up of which is still underway. PHEV version got a record 26,517 registration in June, while BEV set a record 5,560 registrations, It earned a bronze medal with 32,077 Registration Well below the Wuling Hongguang Mini EV but well above the Tesla Model 3. At this point, the song ramp-up is starting to slow down, so we may be closer to finding the cruising speed of the model (probably around 30,000 units/month). That won’t be enough to remove the slightly woolly Mini EV from its leadership position, but it might be enough to put its Tesla Model Y in the rearview mirror.
#4 – Tesla Model 3
with 25,788 Registration Last month, Tesla’s midsize sedan earned itself a Top 5 appearance. It outperformed its BYD rivals, something that is starting to become rare in China. In part thanks to the production ramp-up following the recent Covid lockdown, and the fact that there were few exports (allowing the automaker to focus on domestic allocation), Tesla was able to meet the Model 3’s order backlog. With increased production and an average waiting list of 4 months, expect Tesla’s sedans to increase production and begin competing with BYD’s sedans for the category leadership position.
#5 — Han’s World (BEV+PHEV)
BYD’s flagship sedan just got the best it ever 25,439 Distribution in June, which is a record result 12,945 units bev version and a wonderful 12,494 units of the PHEV version. This results in a minor facelift and a market launch of revised specs. Upgrades include a new 85 kWh battery for the BEV version and up to 38 kWh for the PHEV, making both versions truly class-leading when we look at their pricing ($33,000 USD for the PHEV version and $33,000 USD for the BEV). For $41,000 USD) let’s look at – Less than a base Tesla Model 3This jump in sales meant that full-size BYD sold out its smaller brother, the Kin Plus, and nearly caught up to the Tesla Model 3, an impressive feat for an above-the-segment car. Revised Han said with thousands waiting for orders to go into production, it expects the large sedan to continue to be the best-selling model during the coming months, even if it means a higher proportion of PHEVs in its mix. In fact, with average sales now set at around 200,000 units/year, it is expected to win the full size category not only in China, but globally as well.
Looking at the rest of the best seller table, it’s only natural that record performance abounds in a record month, and so is the case. In addition to the above (Tesla Model Y, BYD Song, BYD Han), below them we can see BYD flexing his muscles more.
In addition to placing 4 models in the top 7, the Shenzhen automaker had a record BYD Qin BEV score of 11,269 registrations and reached 16,704 registrations in the #7 BYD Yuan Plus. fifth consecutive record performance (Proving that the production ramp-up of the compact crossover is not over and it may soon reach 20,000+ units/month). It also complements BYD’s lineup of sales champs in each category (Han in the full-size category; Song as the mid-size king; Yuan leading the compact category; and Dolphin #1 in the subcompact category). And BYD to come. don’t forget to ganga-chilliThe automaker’s future representative in the city EV category.
But enough about the BYD—there are other models worth mentioning too, especially the ones with record scores. GAC Aion Y is #9 with 11,801 registrations, and VW is ID.4, reaching #10 with a record 10,711 registrations. Does this mean that we will see the German crossover strengthen in the second half of the year?
In the second half of the table, we see Hozon’s leader V achieved a new personal best score, registering 9,147. This allowed it to reach #15. Dongfeng’s Fengshen E-Series sedan also achieved a record result, registering 7,536, placing it in 20th place.
One indication of how fast the plugin market is growing is the fact that the AITO M5 EREV, from 5,033 registrations in May to 7,021 registrations (its fifth consecutive record score) fell to #22 in June. Another model landed in it full ramp-up mode, BYD Destroyer 05 PHEV. With 7,464 deliveries, Destroyer 05 was the third consecutive record score of PHEV. Both models should be followed closely, as both will soon become regular faces in the top 20.
Still outside the top 20, there is a mention for significant developments on the legacy OEM side, the most important of which is Geely launching two new models. Both already have relevant sales volume – the Geometry E, a smaller crossover, had 4,033 registrations, and the Emgrand L Hi-X PHEV, a sedan, had 4,035 registrations. Clearly, Geely is trying to strike back at BYD’s model strategy. It’s also important to mention the Volkswagen ID.6’s record 4,417 registrations – it looks like VW’s big SUV is starting to get some traction. In the end, Dongfeng’s Venusia D60 EV hit a record 4,522 units.
Feather new blood Also, Leap Motors continued to increase its C11 midsize SUV to 4,848 units last month, the XPeng P5 midsize was up to 5,598 units, and NIO’s new ET7 stylish flagship sedan is also increasing, in this case to 4,040 units, its third Record score in a row.
Wuling Hongguang Mini EV Still #1
Looking at the 2022 rankings, the Tesla Model Y has climbed one place to third, surpassing the BYD Qin Plus, and spent the rest of the year trying to reach the #2 BYD Song Plus in the race for the best selling crossover/SUV Must spend
On the rise was another Tesla Model 3, which jumped six positions to … With its direct rival, the #4 BYD Qin Plus, double the registrations, it should be difficult for the Tesla sedan to retain the midsize best seller title – but there’s a chance the Model 3 will still surpass the #5 BYD Han. could. in the second half of the year.
BYD Yuan Plus climbed to #10. he puts six BYD in the top 10!
For the second part of the electric car sales table, we’ll find #14 GAC Aion Y (Go, Team MPV!) Gaining ground on the competition. The compact MPV will try to climb a few more positions on the table.
The Volkswagen ID.4 had reasons to smile, climbing two places on the electric car chart to #18.
Looking at Auto Brand Rankings in Electric Car Sales, BYD (26.9%, down 1% share) remains the dominant force in the plugin market, but seems to have found its highest share-wise. It was the fourth best-selling brand in the overall auto market, thanks to another record monthly performance. However, I think this ranking is set to change in the coming months as EV disruption continues to lead to market electrification and BYD profits.
With regards to the plugin market only, we have second runner-up SGMW (9.8%), behind leader BYD, which has a 0.3% share. It suffers from the fact that it’s currently a one-trick pony (Wooling Mini EV) in a rapidly growing market where you need a lineup of models sold in high volumes to be successful.
At this time, the Shenzhen automaker already has 9 Automaker title in the bag.
Thanks to a strong peak month, Tesla (8.3%, up 1.7% share from 6.6%) is steady in third place, slightly below Cherry (4.7%, 4.9%) in 4th place, and #5 GAC (4.2. %) maintained the #6 distance over SAIC (3.6%). But SAIC and even GAC and Chery should keep an eye on the two sleeping giants that are waking up — Volkswagen (3.4%) and Geely (3.0%) have both seen their shares rise recently. .
Looking at OEM / Automotive Groups / Alliances in Electric Car Sector, BYD (26.9%) is comfortably leading, while SAIC (13.4% down from 13.7%) has remained steadfast in the runner-up spot for electric car sales. Tesla (8.3%) is also in last place on the podium.
Outside of the electric car sales platform, things are more interesting, with Geely-Volvo (4.8%, up 0.2% share) outpacing Cherry (4.8%, down 5%) and #7 Volkswagen Group (3.9%, up 3.6%). ) trying to reach #6 GAC (4.4%) overtaking Dongfeng.
Still, with less than half of Tesla’s sales, it’s nearly impossible for the German conglomerate to get close to the American automaker. The same can’t be said about the Geely-Volvo, however, as it not only has high growth potential (just look at the more recent Geely Geometry E and Geely Emgrand L Hi-X PHEVs), but it also has a willingness to take chances. is also shown. and win customers. (Why, oh why, Volkswagen hasn’t launched the Skoda Anac in China yet? It just baffles me. … It’s like putting Lionel Messi/LeBron James on the bench while losing the game by a huge margin at half-time . . . It’s like they’re not even trying!)
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