In the January-July period, BYD was No. 1 in the NEV market by retail with a 34.1 percent share, while Tesla was No. 3 with a 6.5 percent share.
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Category: China NEV Market
About 77 out of every 100 newly registered cars in Shenzhen are NEVs.
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A total of 11.5 million units means that China's NEV sales will exceed the 10 million mark for the first time in 2024, representing a growth rate of 22 percent.
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In the first half of 2024, BYD was No. 1 in China's NEV market with a 33.8 percent share, while Tesla was No. 3 with a 6.8 percent share.
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China's NEV production reached 8.91 million units in 2023, up 34.15 percent year-on-year.
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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.
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In the January-April period, BYD came in first in China's NEV market with a 34.3 percent share, while Tesla was No. 4 with a 6.7 percent share.
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In the January-March period, BYD was No. 1 with a 33.1 percent share, while Tesla was No. 3 with a 7.5 percent share.
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BYD's chairman predicted a month ago that China's monthly NEV penetration rate would exceed 50 percent within this year, and now he expects that figure to be seen within the next three months.
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In the January-February period, BYD topped China's NEV market with a 30.8 percent share, while Tesla came in fourth with 6.6 percent.
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