10,900 USD was the average transaction price of used NEVs in the third quarter of 2024, compared with 7,600 USD for used ICE vehicles in China.
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BYD sells nearly five times more NEVs than the next highest placed manufacturer in China. Tesla down to fifth in October sales.
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Geely's NEV sales exceed 100,000 in a month for the first time. The Galaxy series is the main contributor. Zeekr also performs well.
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Leapmotor announces production of 500,000th car as sales accelerate in 2024 to record levels.
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Chinese branded NEV sales now 3 to every 1 ICE car. Joint ventures are failing to capitalize on the switch to NEVs.
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BYD is now officially China's largest automotive group after beating out SAIC's overall sales for the year up until the end of September.
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Chinese NEV makers achieved less than half of their sales target by September. The worst achievement rate is 27.4%. And the highest is 71.2%.
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A look at which were the best selling domestic models in China during August. Results show a new order emerging.
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BYD was the third best-selling brand in the world in July after Toyota and Volkswagen. However it only has 8th place for the year.
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Sales up by 30% for Wuling in early August partly due to a doubling in government trade-in scheme and also dealer sales activities.
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