egy.   Related reports:Mexico: Chinese vehicles account for 30% of imports and 20% of sales (Jun. 2024) Business Trends of Chinese Parts Suppliers in Mexico (May. 2024)Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan (Jun. 2023)Chinese OEM Overseas Expansion Activities: BYD, Geely, Great Wall, NIO, Xpeng (Apr. 2023)   Mexico's light vehicle sales and imports(Source: Created by MarkLines based on INEGI data) ...

Market & Tech Reports  Updated at: 2025/04/30

Chinese Market 2024 Sales Ranking by Model C and D segment NEV models dominate sales Summary 2024 Sales Ranking by Model C and D segment NEV models dominate sales In terms of new car sales volume (factory shipments) in China in 2024, Tesla's Model Y was first in the rankings by model, following its ranking in 2023. In second place was BYD's Song PLUS, followed by BYD's Seagull in third place. BYD models accounted for nine of the top 20 models, a...

Market & Tech Reports  Updated at: 2025/03/14

utpacing PHVs in terms of sales growth. The share of PHVs has remained at just under 40% since the second half of 2024.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2025January 2024January Y-o-Y 1 Model Y Tesla BEV 56 64 -13.5% 2 Seagull BYD BEV 37 31 19.3% 3 Song PLUS BYD BEV/PHV 28 19 49.8% 4 Xingyuan Geely BEV 28 - -% 5 SU7 Xiaomi BEV 23 - -% 6 Hongguang MINIEV Wuling BEV 22...

Market & Tech Reports  Updated at: 2025/02/26

Chinese Market 2024: Sales Volume 31.4M units, Chinese OEMs Share over 65% BYD leads the pack; Seres, in development partnership with Huawei, sees significant growth Summary 2024 vehicle sales in China up 4.5% y/y to 31.4M units Sales by group: BYD tops the list, Geely and Chery perform well Passenger car market: Chinese-OEMs share exceeds 65% Sales by vehicle type : SUVs account for 53.8% of the PV market; many BYD in the Top 10 sedans and hatch...

Market & Tech Reports  Updated at: 2025/02/19

BYD: Sales Leader in Chinese Market, Accelerating Overseas Expansion 2024 sales volume 9 times higher than 2019 Summary 2024 Sales: Top in China with 4.272 million units, up 41.3% y/y; most are D-segment vehicles Product trends: Expansion of models and accelerating overseas expansion of each brand Core technologies: Promoting BEVs and PHVs, and deepening development capabilities for electrification and smart vehicles Manufacturing sites: Expanded...

Market & Tech Reports  Updated at: 2025/02/18

e energy for electric vehicles).               3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.               4. A wide range of electric vehicle models is available.     Sales of electric vehicles in the 12 major countries plus the 3 Nordic countries of Norway, Sweden, and Finland (15 countries in total) reached a record high of 1.805 million units in December. This was ...

Market & Tech Reports  Updated at: 2025/01/24

ion to EVs stalling in Europe as well, automakers are reviewing their EV strategies. A change in policy in the U.S. could have a significant impact on the overall electric vehicle sales market in the future, and future moves by the new Trump administration should be closely monitored.   Meanwhile, BYD Auto Co. Ltd. (BYD) continues to make great strides, especially in the Chinese market. BYD sold 2.83 million units in 2023, but in 2024, sales exc...

Market & Tech Reports  Updated at: 2024/12/27

The top 10 sales by model for October 2024 are as follows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2024October 2023October Y-o-Y 2024 Jan.-Oct. total 2023 Jan.-Oct. total Y-o-Y 1 Model Y Tesla BEV 82 69 17.9% 830 832 -0.2% 2 Seagull BYD BEV 54 43 24.8% 334 185 80.4% 3 Qin L BYD PHV 50 - -% 191 - -% 4 Song PLUS BYD BEV/PHV 47 40 18.5% 340 321 5.8% 5 Seal 06 BYD PHV 46 - -% 16...

Market & Tech Reports  Updated at: 2024/11/26

lows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2024September 2023September Y-o-Y 2024 Jan.-Sep. total 2023 Jan.-Sep. total Y-o-Y 1 Model Y Tesla BEV 102 92 11.1% 750 763 -1.7% 2 Model 3 Tesla BEV 49 26 87.8% 307 349 -12.2% 3 Seagull BYD BEV 43 40 8.0% 280 142 97.4% 4 Qin L BYD PHV 43 - -% 141 - -% 5 Seal 06 BYD PHV 42 - -% 123 - -% 6 Song PLUS BYD BEV/PHV 37 41 -8.2% 292 281...

Market & Tech Reports  Updated at: 2024/10/28

increased 15.2% y/y to 3.092 million units, accounting for 7.8% of total vehicle sales volume.   On August 20, the European Commission published a draft proposal for countervailing duties on Chinese-made EVs. This is on top of the current import tariff of 10%, with additional tariffs of 17.0% for BYD, 19.3% for Geely, and 36.3% for SAIC Motor. An additional tariff of 21.3% will be imposed on automakers who cooperated with the EU investigation a...

Market & Tech Reports  Updated at: 2024/09/27

Group owns Sentient AB, a Swedish company specializing in research and development of automated driving systems for Volvo, and is making steady progress in R&D and manufacturing of automated driving system products.   The company’s domestic and international customers include Geely, Great Wall, BYD, Dongfeng, FAW, Stellantis Group, Ford, Volvo, and Nissan.   The Group established the National Automotive Intelligent Steering System Quality Su...

Market & Tech Reports  Updated at: 2024/09/27

Chinese OEM Overseas Expansion Activities: BYD, Geely BYD to build plants in Brazil, Hungary, etc.; Geely export target for 2024 is 380K units Summary China exports: Export volume in H1 of 2024 increased 30.5% y/y BYD: Building plants in Brazil, Hungary, etc.; NEV plant starts operation in Thailand; first pickup truck debuts in Mexico Geely: Export target for 2024 set at 380K units, accelerating global expansion of the Zeekr brand BYD's car...

Market & Tech Reports  Updated at: 2024/09/17

was 7.7%, down 0.1 points from June. Cumulative HV sales for the January to July period increased 15.1% y/y to 2.706 million units, accounting for 7.8% of total vehicle sales volume.   Thailand is actively attracting EV manufacturers, and Chinese manufacturers are increasingly entering the market. BYD announced on July 5th, followed by GAC Aion on the 17th, that they would each start operations at plants in Thailand. In addition, new models in t...

Market & Tech Reports  Updated at: 2024/08/29

Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M BYD up 28.5% to 1.6M units, non-Chinese OEMs struggle, and exports increase Summary New vehicle sales in H1 2024 up 6.1% y/y to 14,045,000 units Sales by Group: SAIC's share is 12.7%, BYD 11.5%, and Geely in the top 5 Market share by vehicle type: SUVs at 45.0%, commercial vehicles steady Passenger car market: Chinese automakers have 62.5% share; BYD leading with 1,607,000 unit...

Market & Tech Reports  Updated at: 2024/08/20

308 million units, accounting for 7.7% of total vehicle sales volume.   On June 12, the European Commission,the EU's (European Union) politically independent executive arm, announced additional tariffs on Chinese-made electric vehicles. The current tariff rate of 10% will be increased by 17.4% for BYD, 19.9% for Geely, and 37.6% for SAIC. These companies were subjects of the sampling survey investigation. Further, an additional tax of 20.8% will...

Market & Tech Reports  Updated at: 2024/07/26

nefiting from unfair subsidies, which pose a threat of economic harm to EU EV manufacturers. If an effective solution cannot be found in discussions with Chinese authorities, additional provisional tariffs will be imposed on EVs imported from China. The additional tariff rates vary by manufacturer (BYD: 17.4%, Geely: 20%, SAIC: 38.1%, etc.), and manufacturers that do not cooperate with the investigation will have the 38.1% tariff added to the cur...

Market & Tech Reports  Updated at: 2024/06/26

. 2023)Tesla: Aiming to become a global volume manufacturer through increased production (Jun. 2023)Inflation Reduction Act: Support for EV/PHEV/FCEV Purchases (Jun. 2023)Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan (Jun. 2023)Chinese OEM Overseas Expansion Activities: BYD, Geely, Great Wall, NIO, Xpeng (Jun. 2023)Mexico: Investment plans for near-shoring and EV shift（Apr. 2023）     The trends in the Mexican au...

Market & Tech Reports  Updated at: 2024/06/14

3.9 points from the same month last year to 21.0%. Sales volume in China increased by 188,000 units from the same month last year to 706,000 units, while in Brazil, sales of electric vehicles increased by 3.6 points to 3.7% recording 8,000 units.   In Brazil, most of the electric vehicle sales are BYD models, especially the Dolphin Mini (name outside China for the Seagull), which began sales in February, accounting for half of total monthly sale...

Market & Tech Reports  Updated at: 2024/05/24

last year due to the revision of subsidies in some countries and delays in the development of charging infrastructure, and Ford (U.S.), GM (U.S.), VW (Germany), and others have temporarily curbed their investment in BEVs. In China, on the other hand, as domestic production capacity exceeds demand, BYD Auto Co. Ltd. (BYD) and other Chinese automakers have expanded into Thailand and other countries in search of new markets, sparking competition am...

Market & Tech Reports  Updated at: 2024/05/16

developments.   The top 10 sales by model for March 2024 are as follows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand 2024 March 2023 March Y-o-Y 2024Jan.-Mar. total 2023Jan.-Mar. total Y-o-Y 1 Model Y Tesla 107 122 -12.7% 252 238 5.9% 2 Qin Plus BYD 40 39 2.3% 77 78 -1.8% 3 Song PLUS BYD 36 32 12.8% 69 104 -33.5% 4 Model 3 Tesla 33 54 -39.1% 90 122 -26.5% 5 Song Pro BYD 28 8 250.1% ...

Market & Tech Reports  Updated at: 2024/04/25