Smart and Sustainable Electric Mobility
China's overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said.
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In the January-April period, BYD came in first in China's NEV market with a 34.3 percent share, while Tesla was No. 4 with a 6.7 percent share.
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CATL's share in April decreased by 0.22 percentage points from March, while BYD's increased by 1.58 percentage points.
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Excluding exports, domestic NEV sales in April were 736,000 units, up 37.31 percent year-on-year but down 2.9 percent from March.
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The NEV segment fared better than the overall automotive market, while PHEVs outperformed BEVs.
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In the January-April period, Tesla sold 163,841 units in China, down 7.64 percent year-on-year.
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In April, China's retail sales of all passenger vehicles stood at 1.585 million units, down 2 percent year-on-year and 6 percent lower than in March.
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Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum in sales, the CPCA said.
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In the January-April period, Tesla China sold 283,043 vehicles, down 7.25 percent from 305,164 in the same period last year.
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CATL continues to be No. 1, but with a slightly reduced share from Jan-February. BYD is back in second place, overtaking LG Energy Solution.
The post Global EV battery market share in Jan-Mar 2024: CATL 37.9%, BYD 14.3% appeared first on CnEVPost.
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