Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! CTOnews.com, May 31, according to the WeChat release of TrendForce Consulting, the report shows that global sales of new energy vehicles (NEV;, including pure electric vehicles, plug-in hybrid electric vehicles, and hydrogen fuel cell vehicles) in the first quarter of 2023 totaled 2.656 million, an annual increase of 28 percent, including 1.942 million pure electric vehicles (BEV), an annual increase of 26 percent, and plug-in hybrid electric vehicles (PHEV) sales of 711000, an annual increase of 34 percent. CTOnews.com attached the report data as follows:

TrendForce Jibang reported that "in terms of pure electric vehicles, the price reduction of Tesla (Tesla) worked. In the first quarter, sales of 423000 vehicles reached an all-time high, while the market share also rebounded to 21.8%. Looking back on Tesla's market share of pure electric vehicles in the first three quarters is less than 20%, it can be seen that price reduction is still the fastest way to consolidate the market. BYD and Wuling ranked second and third respectively, but Wuling, which is dominated by low-cost mini-electric cars, sold less than 80,000 vehicles in the first quarter, down a lot compared with the fourth quarter of last year or the same period last year. One of the reasons is that there are more and more competitors for low-cost subcompact cars and carve up the market. Hyundai (Hyundai) and Kia (Kia) ranked sixth and ninth, respectively, while Hyundai set a record for single-quarter sales in the first quarter. Volkswagen ranks fifth, and two major luxury brands, BMW and Mercedes-benz, are also on the list, speeding up the pace of electrification. "

Tuyuan PixabayTrendForce Jibang said, "in terms of plug-in hybrid electric vehicles, BYD continues to rank first with a market share of 37%, and Denza, an electric vehicle brand joint venture between BYD and Daimler Group, also jumped to eighth place in the first quarter." BYD multi-brand strategy has taken shape, in addition to momentum, there is also located in the luxury high-end "look up" brand will join the war. Ideal car jumped to second place in the first quarter, with multiple models bringing it a record of 52000 vehicles sold in a single quarter, with a market share of 7.3%. The three major European luxury car brands BMW, Mercedes-Benz and Volvo are still at the top of the PHEV sales rankings, but sales have declined compared with the same period last year. "

TrendForce Jibang Consulting said, "all countries are moving towards increasing the proportion of zero-carbon vehicles, so the sales of new energy vehicles will continue to increase, and their penetration into the overall auto market will continue to rise, which is an area of business opportunities in the automotive industry. However, the market instability caused by high inflation and high interest rates, the impact of consumer spending cuts on car sales, and whether small car factories can withstand the test of economic headwinds have made the car market full of variables in the second half of this year. "

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