8.4% Of Chinese Vehicle Sales In January Were Plugin Vehicle Sales
The Rise and Rise of the Wuling Mini EV.
The Rise and Rise of the Wuling Mini EV.
While the overall Chinese auto market ended the year on a positive note (+12% YoY), plugins ended with a record month, growing by 50% YoY in in the last month of the year to a record 224,000 units, and this time it was plugin hybrids (PHEVs) that grew faster (+108%) than full electrics (+42%).
While the overall Chinese auto market is slowly picking up (+12% year over year in November), plugin vehicles are already on the fast lane, growing by 138% year over year (YoY) to a record 198,000 units.
In the next two years, Mercedes-Benz is getting serious about electric vehicles (EVs). The company is announcing six new EQ models globally between now and 2022, three new electric Smart models, and an electric version of its versatile Sprinter van
While the overall Chinese auto market kept positive numbers last month, +9% year over year (YoY), plugins vehicle sales were firmly in the fast lane, growing by 120% YoY in October to 147,000 units, a new year best
The overall Chinese market remained positive in September (+8% year over year/YoY), with plugin vehicles faring even better, growing by 66% YoY in September to 131,000 registrations. That’s a new year best for plugin vehicles
When Japanese automakers entered the European market over half a century ago, then Korean automakers did so in the ’80s and ’90s, and lastly Indian brands did so hardly a decade ago, they started at the bottom with low-priced and low-quality products.
The overall Chinese auto market remained in positive numbers last month, +6% year over year (YoY), with plugins faring even better, growing 30% YoY last month to 100,000 units, a new year best.
A star is born in China. And it is not the flashy Xpeng P7 (1,725 units) or BYD Han EV (1,205), but something far more humble. More on that below.
While different electric vehicles may be #1 in different markets (the Renault Zoe in France, the Audi e-tron in Norway, the VW e-Golf in Germany), globally, there is no question which electric vehicle is the most popular. According to recently compiled data from EV Volumes, the Tesla Model 3 had nearly as many sales in the first half of 2020 as the 2nd best selling, 3rd best selling, 4th best selling, 5th best selling, 6th best selling, and 7th best selling plugin vehicles combined.