In the January-May period, BYD was No. 1 in China’s NEV market with a 34.0 percent share, while Tesla was No. 3 with 6.7 percent.
BYD (HKG: 1211, OTCMKTS: BYDDY) continued to have the largest share of China’s new energy vehicle (NEV) market last month, with Tesla (NASDAQ: TSLA) increasing its share and moving up 2 notches in the ranking.
BYD’s retail sales of passenger NEVs in China totaled 268,226 vehicles in May, continuing its No. 1 position with a 33.4 percent share, according to data released yesterday by the China Passenger Car Association (CPCA).
The company is the only one with more than a 30 percent share of China’s NEV market, albeit lower than its 37.5 percent share in April. Its retail sales were up 21.5 percent year-on-year.
BYD released figures earlier this month showing it sold 331,817 NEVs in May, up 38.13 percent year-on-year and up 5.93 percent from April. The figure is wholesale sales and includes both passenger cars and commercial vehicles.
Retail sales of China’s passenger NEVs in May were 804,000 units, up 38.5 percent from a year ago and up 18.7 percent from April, data released by the CPCA on June 11 showed.
Tesla’s retail sales in China in May were 55,215 vehicles, up 29.9 percent from a year earlier, and third with a 6.9 percent share in the NEV market.
In China, NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles. BYD produces PHEVs, BEVs, while Tesla only produces BEVs.
Tesla China sold 72,573 vehicles in May, including 17,358 exported and 55,215 sold in China, according to data compiled by CnEVPost.
Tesla has a factory in Shanghai that produces the Model 3sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.
Tesla’s pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, it previously said.
Geely’s NEV retail sales in May were up 148.3 percent to 56,172 units, placing it in second place with a 7.0 percent share. Its share was down slightly from 7.3 percent in April.
Changan Automobile’s retail sales of NEVs in May were up 100.3 percent year-on-year to 48,777 units, placing it at No. 4 with a 6.1 percent share.
In January-May, BYD’s retail sales of NEVs in China increased by 20.0 percent year-on-year to 1,108,363 units, ranking No. 1 with a 34.0 percent share.
Geely’s NEV retail sales for the period were 242,779 units, up 126.9 percent year-on-year, and ranked second with a 7.5 percent share.
Tesla’s retail sales in China in the January-May period were 219,056 units, down 0.4 percent year-on-year, and ranked third with a 6.7 percent share.
Changan’s retail sales in January-May were 216,131 units, up 108.8 percent year-on-year, and ranked fourth with a 6.6 percent share.
In the passenger car market, which includes traditional fuel vehicles, BYD topped the retail ranking with a 15.7 percent share in May.
FAW-Volkswagen sold 124,029 units at retail in May, down 17.5 percent year-on-year, and ranked second with a 7.3 percent share.
Geely had retail sales of 123,768 units in May, up 31.6 percent year-on-year, and was third with a 7.2 percent share.
In the January-May period, BYD ranked first in China’s passenger car market share with 13.7 percent, FAW-Volkswagen was second with 7.9 percent and Geely was third with 7.8 percent.
