China’s passenger car market continued its recovery in July, expanding by about 30% year-on-year. This is largely thanks to a new government incentive for conventional models with engines under 2,000 cc and prices up to CNY 300,000 ($43,760), which from June are eligible for a 50% reduction in registration tax.
The plug-in electric car segment is growing very fast and, again, more than doubled compared to July 2021.
According to EV volumes’ data, shared by Jose Pontes, about 505,007 new electric passenger cars were registered in July in China, which is 112% more than a year ago.
The spectacular growth rate is accompanied by an impressive market share of around 28%.
It is also important to note that total sales of plug-in cars in China (including micro cars) are estimated at 60% of global sales in July. That means the rest of the world clearly has some work to do.
Sales of all-electric cars nearly doubled last month, while plug-in hybrids nearly tripled — though they remain in the minority of the plug-in segment.
Results for the month:
- BEV: about 368,000 (96% increase) and 20% share
- PHEV: about 137,000 (up 174%) and 8% share
- Total: 505,007 (up 112%) and 28% share
So far this year, over 2.8 million new electric passenger cars have been registered in China.
- BEV: about *2.21 million and 20% share
- PHEV: about *0.66 million and 6% share
- Total: 2,871,892 and 26% share
* estimated by market share
For reference, in 2021, total plug-in electric car registrations increased by about 153% year-over-year to over 3.2 million (up from 1.27 million in 2020).
According to the updated forecast of the China Passenger Car Association (CPCA), about 6 million electric passenger cars could be sold in China in 2022.
July results are dominated by BYD’s sales growth, which exceeded 162,000. As we can see, there are five BYD plug-ins in the top six and six in the top 10.
The most registered model is the BYD Song (all plug-in versions counted together) at 37,784 (32,367 PHEV and 5,417 BEV). This is even more than in the case of the Wuling Hong Guang MINI EV (37,128).
Interestingly, there is no Tesla in the top 10 this time (most production is exported), while the Volkswagen ID.4 scored 11,414 units at #9.
Top 10 for the month:
- WORLD Track (BEV + PHEV): 37,784
- Wuling Hong Guang MINI EV: 37,128
- BID Qin Plus (BEV + PHEV): 30,093
- Han WORLD (BEV + PHEV): 25,270
- Dolphin WORLD: 20,493
- BID Yuan Plus BEV: 19,239
- GAC Aion Y: 12,530
- BID Tang (BEV + PHEV): 11,501
- Volkswagen ID.4: 11,414
- Chery eQ1 / Little Ant: 11,202
* BEV and PHEV versions of the same models are numbered together in the source.
Year-to-date, Wuling Hong Guang MINI EV remains the market leader in terms of volume, while BYD Song (BEV + PHEV) strengthened into second place.
The BYD Qin family (BEV + PHEV) surpassed the Tesla Model Y as the third most popular plug-in.
There are six BYDs in the top 10, which reminds us once again how strong the brand is this year. Only time will tell if Tesla will be able to bounce back and improve its position thanks to an upgrade applied to the Giga Shanghai factory. Meanwhile, the Volkswagen ID.4 climbed to #17 and 45,664 units.
Top 10 year to date:
- Wuling Hong Guang MINI EV: 244,956
- WORLD Track (BEV + PHEV): 196,875
- BID Qin Plus (BEV + PHEV): 162,491
- Tesla Model Y: 140,915
- Han WORLD (BEV + PHEV): 122,395
- Dolphin WORLD: 79,007
- BID Yuan Plus BEV: 74,085
- Li Xiang One EREV: 70,826
- BID Tang (BEV + PHEV): 67,326
- Tesla Model 3: 65,183
The list of brands, once again, reveals a fairly strong position for BYD – no change compared to last month.
Top brands by share in the supplemental segment year-on-year:
- BYD: 27.8%
- SAIC-GM-Wuling: 9.5%
- Tesla: 7.2%
- Chery: 4.8%
- GAC: 4.4%
- Volkswagen: 3.4%
The main groups of automobiles by division in the additional segment from year to day:
- BYD: 27.8%
- SAIC: 12.9%
including the SAIC-GM-Wuling joint venture (between SAIC, GM and Liuzhou Wuling Motors)
- Tesla: 7.2%
- Geely-Volvo: 5.1%
- Chery: 4.8%
- GAC: 4.5%
- Volkswagen Group: 4.3%