This means 52,000 more vehicles were sold in October than the all-time high in September 2023, an increase of 5.75%. Compared to October 2022, sales increased by approximately 34%. At that time, 714,000 new energy vehicles were sold. CAAM’s figures are manufacturers’ wholesale figures and include cars sold in China as well as cars made in China for export.
New energy vehicles include plug-in hybrid vehicles, battery electric vehicles and fuel cell vehicles, although the latter plays a smaller role in China, with 500 units sold in October. Of the 956,000 NEVs sold last month, 646,000 were pure battery electric vehicles and 310,000 were plug-in hybrids. This corresponds to a ratio of 67.6 to 32.4 percent.
New record for battery electric vehicles
By the way, 646,000 BEVs were also a new record. Compared to September, sales of fully electric vehicles increased by 3%. Compared to October 2022, this is an increase of 19%. The growth in plug-in hybrid vehicles was even greater, with an 11.9% increase compared to September and an 80.2% increase compared to the same month last year.
China’s overall automobile market, including all drive types, grew by 1.5% year-on-year to 2,853,000 units. As a result, the market share of NEVs was 33.5%, and the market share of fully electric vehicles reached 22.6%. The PHEV figure was 10.9% and the market share of 500 FCEVs was 0.017%.
Regarding manufacturers, it was also a new record month for market leaders. BYD. BYD sold more than 300,000 cars with charging connectivity for the first time in the past month. The exact figure was 301,095 units, of which 165,505 BEVs and 135,590 PHEVs. A total of 30,521 BYD new energy vehicles were exported.
It has been a long-standing pattern for BYD to take the lead in new energy vehicles thanks to its plug-in hybrids. tesla It hasn’t been the case for a while that it sells the most BEVs. BYD extends its lead over BEV. Tesla sold 72,115 electric cars produced in China in October, of which 43,489 were exported and 28,626 were sold in China.
Chinese startups and VW partners Spen A new record was also set in October, with 20,02 units sold, breaking the 20,000 mark for the first time. This growth was driven by the new EV SUV “G6”, which accounted for 8,741 units. Niohis also active in Europe, and sales increased by 59.8% compared to the previous year, but sales in October were still 16,074 units, which is still behind Xpeng.
A close battle between Xpeng, Leapmotor and Nio
Two companies join new Stellantis partners leap motor. The 18,202 vehicles sold in October also set a new record for Leap Motor.geely brand Geeker It continues to grow steadily and is approaching from behind. 13,077 new Zeekrs (up 29.2% compared to October 2022) also represents a record for the brand. news sourceOn the other hand, there was a slight decrease in October, with 12,085 units representing a decrease of approximately 8.5% compared to September.In other words, the story immediately fell behind. AitoSeres and Huawei’s premium NEV brand: Aito recorded sales of 12,700 units in October, of which the M7 SUV accounted for 10,547 units.
beijing bijev Monthly sales have remained in the four-digit range, reaching 7,014 units in October (5,569 units in the same period last year). Dongfeng Motor’s NEV brand, Voya6,067 vehicles were sold; Avatar (manufactured by Changan, Huawei, and CATL) sold 3,888 units.
cnevpost.com (Market Overview), cnevpost.com (BYD), cnevpost.com (Tesla), xiaopeng.com (Xpeng), nio.com (Nio), cnevpost.com (Leapmotor), cnevpost.com (Zeekr), cnevpost.com (Neta), gasgoo.com (Aito, BAIC BJEV, Voyah, and Avatr)