Shulou(Shulou.com)12/24 Report--

CTOnews.com, December 1, according to the latest statistics from Jibang Consulting, the total global sales of new energy vehicles in the third quarter of 2023 was 3.455 million, an increase of 28.1% over the same period last year.

CTOnews.com Note: the new energy vehicles mentioned by the agency include pure electric vehicles, plug-in hybrid electric vehicles and hydrogen fuel cell vehicles.

Although pure electric cars (BEV) account for about 70% of sales, plug-in hybrid electric vehicles (PHEV) have an outstanding annual growth rate of 47.8%, which is an important factor in maintaining the growth rate of the new energy vehicle market.

Among the top 10 brands of pure electric vehicles (BEV) in the third quarter, Tesla and BYD had a sales difference of less than 1,000 vehicles, surpassing Tesla when taking into account the sales of another brand of BYD (a joint venture between BYD and German firm Daimler Greater China Investment in 2010).

BYD has a diversified product line and a wide range of prices, with "seagulls" starting as low as 70,000 yuan, as well as cars with mainstream prices of 15 to 200000 yuan in the Chinese market, helping BYD expand beyond first-and second-tier cities.

Although Tesla continues to reduce prices, the RMB price band between 26 and 300000 is still dominated by first-and second-tier cities, creating differences in positioning between BYD and Tesla, resulting in a continuous narrowing of the sales gap.

Guangzhou Automobile Ean, Volkswagen (Volkswagen) and SAIC GM Wuling continued to maintain the 3rd, 4th and 5th places in the third quarter, while Weilai, which had not been on the list for a long time, ranked ninth in the third quarter.

Plug-in hybrid BYD (brand) firmly occupies the first place in PHEV, and actively opens the brand and product portfolio. In addition to momentum, the group also has high-price expectations and the equation leopard that focuses on cross-country performance.

The No. 2 ideal broke through quarterly sales of 100000 vehicles for the first time, with a market share of 10%, benefiting from increased demand for large SUV in the Chinese market.

BMW (BMW) and Mercedes-Benz (Mercedes-Benz), ranked 3rd and 4th, are stable and growing, but there is a hidden worry that they can be replaced easily if they don't expand quickly enough.

Outlook TrendForce Jibang Consulting said that the new energy vehicle market has entered a medium-speed growth stage due to the improvement of the base period and policy exit, but it is still the growth momentum of the overall automobile market, with an estimated growth rate of 32% in 2024, with a total expected of 17 million vehicles.

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