Key Allies China analysis on NEV market in May 2020

NEV (New Energy Vehicles) monthly sales data and market analysis

2020/07/02

Analysis of NEV industry (Summary)

This report was based on the “research report on new energy vehicle (NEV) (electric vehicles [EVs], plug-in hybrid vehicles [PHVs], and fuel cell vehicles [FCVs])” industry prepared by the Chinese consulting firm Key Allies, and the report was edited and translated by MarkLines.

   

In the new energy vehicle market in May 2020, both production and sales fell sharply year on year　

　According to statistics by the China Association of Automobile Manufacturers (CAAM), production and sales volumes of new energy vehicles (NEVs) in May 2020 declined by 25.8% year-over-year (y/y) to 84,000 units and by 23.5% y/y to 82,000 units, respectively.


Analysis of NEV industry (Chinese market)

 According to statistics by the China Association of Automobile Manufacturers (CAAM), production and sales volumes of new energy vehicles (NEVs) in May 2020 declined by 25.8% year-over-year (y/y) to 84,000 units and by 23.5% y/y to 82,000 units, respectively. Production and sales volumes of new-energy passenger cars declined by 26.3% y/y to 75,000 units and by 24.4% y/y to 74,000 units, respectively. Production and sales volumes of new-energy commercial vehicles declined by 21.1% y/y to 9,000 units and by 13.7% y/y to 8,000 units, respectively.

Table 1) NEV production/sales volumes (May 2020)


Vehicle

 Production
May
(Thousand units)		 y/y
（%）		 m/m
（%）		 Jan.to May period total
(Thousand units)		 y/y
（%）

NEV total

 84 3.5 -25.8 295 -39.7
Passenger cars 75 4.8 -26.3 265 -41.0
Commercial vehicles 9 -6.5 -21.1 29 -24.1
Vehicle total 2,187 4.0 18.2 7,787 -24.1
Passenger cars 1,660 4.5 11.2 5,955 -29.1
Commercial vehicles 527 2.5 47.7 1,832 -1.4

Vehicle

 sales
May
(Thousand units)		 y/y
（%）		 m/m
（%）		 Jan.to May period total
(Thousand units)		 y/y
（%）
NEV total 82 12.2 -23.5 289 -38.7
Passenger cars 74 15.8 -24.4 260 -39.9
Commercial vehicles 8 -13.7 -13.7 29 -25.8
Vehicle total 2,194 5.9 14.5 7,957 -22.6
Passenger cars 1,674 8.9 7.0 6,109 -27.4
Commercial vehicles 520 -2.6 48.0 1,848 -1.0

 

 (Note: CAAM’s figures are rounded off; therefore, figures of items may not add up to the figures in totals.)
Source: CAAM


Sales volumes of vehicles by maker/model (Chinese market)

EV

 According to statistics by the CAAM, BYD Auto ranked first for sales volume of passenger EVs in the Jan. to May 2020 period by maker—with sales at 36,616 units, down 53.6% y/y.

Table 2) Top 15 passenger EV sales in Jan. to May 2020 period by maker (units)

   Source: CPCA

By model, the Model 3 held its position as first, with sales exceeding 30,000 units in the Jan. to May period. The all-new BYD Qin Pro ranked second; the model was recently launched, but its sales were strong. Two models produced by emerging makers were in the top 15, of which the strong-selling NIO ES6 ranked fifth.

Table 3) Top 15 passenger EV sales in Jan. to May 2020 period by model

   Source: CPCA

　　

PHV

For sales volume of passenger PHVs in the Jan. to May 2020 period by maker, BMW Brilliance ranked first—with sales at 9,880 units, increasing by 8.6% y/y. BYD ranked second, with sales at 9,391 units.

Table 4) Top 10 passenger PHV sales in Jan. to May 2020 period by maker (units)

 Source: CPCA

　　

 By model, Leading Ideal ONE sold 2,050 units in a single month, holding its position as second in the Jan. to May period. The SAIC Volkswagen Passat ranked third, with sales down 56.2% y/y. 

Table 5) Top 15 passenger PHV sales in Jan. to May 2020 period by model

Source: CPCA


NEV market in Europe

Table 6) NEV sales in France by model (May 2020)

Rank Model May (units) Jan.to May 
2019 period (units) 		 Share
1 Renault Zoe 1,165 11,543 26.1%
2 Peugeot e-208 679 6,827 15.4%
3 Tesla Model 3 219 2,942 6.7%
4 DS 7 Crossback PHEV 313 2,035 4.6%
5 Peugeot 3008 PHEV 297 1,856 4.2%
6 DS 3 Crossback EV 103 1,477 3.3%
7 Peugeot 508 PHEV 104 1,207 2.7%
8 Hyundai Kona EV 351 1,180 2.7%
9 Kia Niro EV 205 1,076 2.4%
10 Citroen C-Zero 247 924 2.1%
11 Nissan Leaf 113 919 2.1%
12 Porsche Cayenne PHEV 156 683 1.5%
13 Volvo XC60 PHEV 158 596 1.3%
14 Mercedes GLC300e 263 585 1.3%
15 BMW i3 122 526 1.2%
16 Mini Countryman PHEV 133 509 1.2%
17 BMW X5 PHEV 109 502 1.1%
18 Mitsubishi Outlander PHEV 76 448 1.0%
19 Mini Cooper SE 191 435 1.0%
20 Peugeot e-2008 151 389 0.9%
Other 2,012 7,580 17.1%
Total 7,167 44,239 100.0%

Table 7) NEV sales in Netherlands by model (May 2020)

Rank Model May (units) Jan.to May
2019 period (units) 		 Share
1 Tesla Model 3 157 1,974 12.0%
2 Kia Niro EV 217 1,757 10.7%
3 VW e-Golf 221 1,613 9.8%
4 Opel Ampera-e 31 1,313 8.0%
5 Hyundai Kona EV 212 1,032 6.3%
6 Mitsubishi Outlander PHEV 73 609 3.7%
7 Volvo XC40 PHEV 119 579 3.5%
8 Nissan Leaf 155 475 2.9%
9 Skoda Citigo EV 9 472 2.9%
10 Volvo S/V60 PHEV 34 448 2.7%
11 Renault Zoe 44 376 2.3%
12 BMW X5 PHEV 27 331 2.0%
13 Mini Cooper SE 20 315 1.9%
14 Ford Kuga PHEV 118 306 1.9%
15 SAIC MG ZS EV 87 276 1.7%
16 Kia Soul EV 50 269 1.6%
17 Audi e-tron 45 252 1.5%
18 Volvo XC90 PHEV 21 244 1.5%
19 Volvo XC60 PHEV 28 221 1.3%
20 Hyundai loniq Electric 18 216 1.3%
Other 337 3,382 20.5%
Total 2,023 16,460 100.0%

 

Table 8) NEV sales in Norway by model (May 2020)

Rank Model May (units) Jan.to May 
2019 period (units) 		 Share
1 Audi e-tron 579 5,165 10.8%
2 VW e-Golf 610 3,010 6.3%
3 Nissan Leaf 408 2,125 4.4%
4 Hyundai Kona EV 443 1,951 4.1%
5 Mitsubishi Outlander PHEV 244 1,526 3.2%
6 Renault Zoe 148 1,338 2.8%
7 Tesla Model 3 8 1,268 2.7%
8 BMW i3 114 1,155 2.4%
9 Toyota Yaris Hybrid 169 937 2.0%
10 Skoda Octavia 262 898 1.9%
11 Toyota RAV4 Hybrid 203 895 1.9%
12 Toyota C-HR Hybrid 164 886 1.9%
13 Toyota Corolla Hybrid 174 883 1.8%
14 Kia Soul EV 143 862 1.8%
15 Volvo XC60 PHEV 132 827 1.7%
16 Hyundai Ioniq Electric 116 769 1.6%
17 Peugeot e-208 182 720 1.5%
18 VW Passat GTE 215 633 1.3%
19 Mercedes EQC 98 624 1.3%
20 Skoda Citigo EV 26 596 1.2%
Other 3,560 20,713 43.3%
Total 7,998 47,781 100.0%

Table 9) NEV sales in Sweden by model (May 2020)

Rank Model May (units) Jan.to May 
2019 period (units) 		 Share
1 Volvo S/V60 PHEV 296 2,616 10.0%
2 VW Passat GTE 247 2,088 8.0%
3 Kia Optima PHEV 196 1,732 6.6%
4 Kia Niro PHEV 262 1,572 6.0%
5 Mitsubishi Outlander PHEV 133 1,470 5.6%
6 Tesla Model 3 69 1,394 5.3%
7 Volvo XC60 PHEV 210 973 3.7%
8 Audi e-tron 70 859 3.3%
9 Kia Niro EV 29 853 3.3%
10 Volvo S/V90 PHEV 142 847 3.2%
11 Renault Zoe 98 838 3.2%
12 VW Golf GTE 43 567 2.2%
13 Nissan Leaf 90 563 2.2%
14 Skoda Superb PHEV 61 562 2.1%
15 BMW 330e 18 524 2.0%
16 Kia Ceed PHEV 136 483 1.8%
17 BMW X3 PHEV 165 473 1.8%
18 VW e-Golf 135 467 1.8%
19 Hyundai Kona EV 123 464 1.8%
20 Volvo XC40 PHEV 35 414 1.6%
Other 866 6,408 24.5%
Total 3,424 26,167 100.0%

   

   

   

 

   

 

 

 

 

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Key Allies Consulting

　Key Allies Consulting was established in 2008. The firm is headquartered in Beijing City, with subsidiaries in Shanghai City, Chongqing City, and Shenyang City. It sells vehicle data and reports on the automotive industry (markets, products, and supply chains) and is particularly strong in the areas of commercial vehicles and NEVs. Furthermore, the firm has a wide network in the Chinese automotive industry and collects and handles various data from national and local governments, associations, companies, dealers, and e-commerce platforms.