BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
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BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
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China's retail penetration of passenger NEVs was 39.6 percent in December and 35.7 percent in 2023, according to preliminary CPCA data.
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Preliminary estimates show that for the full year 2023, China's wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA.
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China's passenger NEV retail sales stood at 7.375 million units so far this year, up 34 percent year-on-year.
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China's NEV penetration at retail is expected to be around 41.4 percent in December, up from 40.4 percent in November.
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China's retail penetration of NEVs was 38.7 percent in the December 1-17 period, and 35.3 percent year-to-date.
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So far this year, China's passenger NEV retail sales amounted to 6.996 million units, up 34 percent year-on-year.
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BYD sold 263,066 retail units in China in November, and Tesla 65,504.
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BEVs sold a record 552,000 units at retail in November, accounting for 65.6 percent of all NEV retail sales.
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China's passenger NEV penetration at retail stood at 38 percent in November, up from 37.8 percent in October.
The post China's NEV retail sales up 2% MoM to 783,000 in Nov, preliminary CPCA data show appeared first on CnEVPost.
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