Last year saw the most NEVs sold to date in China and now the total is rapidly approaching 10% of China's car fleet.
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Category: Sales
4 out of top 5 best selling car producers in China in 2024 were Chinese
BYD dominates the Chinese market with Geely in second. Generally the JVs do worse, as the domestic brands prosper in the current market.
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Huawei HIMA achieves 500,000 cars in 32 months – Luxeed now a success as well as Aito
Huawei's HIMA network has achieved 500,000 sales in 32 months, which is claimed to be record. Announced on the day the Maextro S800 unveiled.
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789,800 second-hand new energy vehicles were sold in China, Jan – Sept 2024, up 54% YoY
10,900 USD was the average transaction price of used NEVs in the third quarter of 2024, compared with 7,600 USD for used ICE vehicles in China.
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1 in every 2.8 electrified cars sold in China is a BYD
BYD sells nearly five times more NEVs than the next highest placed manufacturer in China. Tesla down to fifth in October sales.
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Geely breaks the 100,000 NEVs in a month sales level for the first time
Geely's NEV sales exceed 100,000 in a month for the first time. The Galaxy series is the main contributor. Zeekr also performs well.
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Stellantis backed Leapmotor produces 500,000th car
Leapmotor announces production of 500,000th car as sales accelerate in 2024 to record levels.
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NEVs make up 3 out of every 4 car sales for domestic brands in China
Chinese branded NEV sales now 3 to every 1 ICE car. Joint ventures are failing to capitalize on the switch to NEVs.
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SAIC falls, BYD is the new king – BYD is now China’s largest automotive group
BYD is now officially China's largest automotive group after beating out SAIC's overall sales for the year up until the end of September.
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Chinese NEV makers reached less than half of 2024 sales goal by Q3 2024
Chinese NEV makers achieved less than half of their sales target by September. The worst achievement rate is 27.4%. And the highest is 71.2%.
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