A Star Is Born — China EV Sales Report
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.
BYD Tang PHEV
Tesla & The Minions — China EV Sales Report
The overall Chinese market returned to negative numbers in June, down 6% year over year (YoY), but on paper, plugins fared much worse, down 53% last month.
Tesla Model 3 Is Undisputed EV Leader In China — EV Sales Report
While the overall Chinese auto market returned to positive numbers in May (+7% year over year), plugins are still in the red and were down 32% last month, with close to 73,000 registrations.
BYD Qin = China’s Best Selling Electric Vehicle In April (China EV Sales Report)
Plugin vehicle sales continue to recover in China. They were still down 29% year over year (YoY) in April, but that was the smallest drop so far this year. Slightly more than 61,000 units were registered in April.
Tesla Model 3 Shines In Transition Month In China
With the Chinese market slowly returning to normal, now that China has endured the first wave of the COVID pandemic, sales have started to recover from February’s fall into the abyss. In March they dropped just 51%, to around 60,000 units, a significant improvement from the 65% fall of the previous month.
Tesla Model 3 Leads Disrupted Chinese EV Market
With the Chinese electric vehicle (EV) market suffering from the general lockdown due to the coronavirus pandemic, sales took an expected beating, with only 15,000 passenger EVs registered in February, the worst result in over 3 years, representing a 65% drop year over year.
Tesla Model 3 Shines In Disrupted Market — China EV Sales Report
After the December sales peak, January signaled the expected sales hangover in China, but with some 49,000 passenger plug-in electric vehicles (PEVs), the numbers were worse than expected, as sales fell 50% year over year (YoY).
#1 Tesla Model 3 = 14% of World’s Electric Vehicle Sales in 2019
The Tesla Model 3 is the Usain Bolt of the electric vehicle market. It is far and away the most popular electric vehicle in the world. In fact, it had nearly 3× as many sales last year as the 2nd best selling electric vehicle (EV), and it accounted for ~4× as many sales as the 3rd best selling EV, the Nissan LEAF.
China Electric Vehicle Sales — The Light At The End Of The Tunnel?
After some terrible months (-42% in November), the Chinese plug-in market seems to have finally bottomed out, falling just 22% year over year (YoY) in December, to 149,000 units, with both powertrain technologies dropping. Fully electric vehicles (BEVs) suffered less (only -17% YoY) than plug-in hybrids (-45%).
Tesla Model 3 Sales = ~4× Nissan LEAF Sales, World’s 2nd Best Selling EV Outside…
We may have some more high-selling blockbuster electric vehicles in 2020, but 2019 had one electric vehicle that was in a league of its own, the Tesla Model 3. Through November, the Model 3 had almost 3× the sales of the world’s 2nd best selling EV, the BAIC EU-Series, and it had more than 4× the sales of the world’s 2nd best selling non-Chinese EV.
