From January to June 2023, new car sales in the Chinese auto market were recorded at 9.533 million, according to data made public by the China Passenger Car Association (CPCA). Comparing this to the same time period in 2022, there has been a growth of 2.8%.
Among these sales, there were 2,093,000 electric (EV) vehicles and 996,000 plug-in hybrid electric vehicles (PHEV). NEVs (new energy vehicles which in addition to PHEVs include EVs, and EREVs) made up 32.4% of the overall sales.
Regarding sales figures, BYD outperformed the competition in flying colors in H1-2023, selling 1,098,409 vehicles and capturing an 11.52% market share. BYD’s 72.09% year-on-year surge is also the highest among anyone else on the list, which is astonishing.
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Volkswagen secured second place with sales of 982,290 vehicles and a market share of 10.30%. Toyota came in third place with 797,605 vehicles sold, accounting for 8.37% of the market. Honda was in fourth position, selling 527,484 automobiles and holding a 5.53% market share. The final place in the top five was taken by Changan, which sold 467,194 vehicles and had a 4.90% market share.
It’s important to keep in mind that traditional ICE automakers like Nissan, Toyota, Honda, and Volkswagen have seen a reduction in sales, despite a minor increase in the overall size of the market. EV brands are eating away at these brands’ market share in China.
BYD, which has maintained its dominance in the market for pure electric vehicles, sold 524,184 EVs accounting for a huge 25.04% market share. Tesla took second place with 294,105 vehicles sold, accounting for a 14.05% market share. With 211,228 automobiles sold and a 10.09% market share, GAC Aion took third place. Wuling and Changan occupied the fourth and fifth positions on the list, respectively.
Regarding the most popular models on the Chinese market, the top three cars were the BYD Qin Plus, which sold 200,274 units, the Tesla Model Y, which sold 203,932 units, and the BYD Song Plus, which sold 176,526 units.
Source: CarNewsChina
A computer animation professional with over 23 years of industry experience having served in leading organizations, TV channels & production facilities in Pakistan. An avid car enthusiast and petrolhead with an affection to deliver quality content to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com
