|Tang vs The World: BYD took another page from Tesla book...|
Tang Lands Edition
New record for the Chinese EV market, after cresting the 11.000 units for the first time in May, June improved yet again the record to 12.835 units, doubling the sales YoY, with the EV Share continuing to rise to 0.46%, with the general market slowing down, the EV niche continues to grow at a healthy rate.
Looking at the models ranking, the #1 BYD Qin that just keeps on going in its never-ending record spree (Now at 4.015 units), it was only #110 in the general ranking, so it still has a lot to improve, but it was the fourth best selling BYD, making it already significant for the brand saleswise, if we realize that the Tang plug-in SUV registered its first units last month (415 sales, the Qin registered 142 when it landed) and that didn't stopped the Qin to continue on growth path, it might mean that there won't be any sales cannibalization between them and that the chinese manufacturer might end up the year selling some 10.000 units/month!...
Looking at the rest of the competition, the Zotye E20 sales were down for the third consecutive month (Only 776 units), which was compensated by a new sales record (1.214 units) from its larger brother, the Cloud.
The Roewe 550 PHEV climbed to #5, switching places with the Chery QQ EV.
The JAC i EV had its best result ever (1.015 units) jumping three positions to #8, the Chery eQ also had a personal best, registering 476 units, staying in #10.
On the other hand, slow-selling Tesla went down three positions to #11, making this a 100% domestic ranking.
Looking at the BEV /PHEV comparison, plug-in hybrids are at their most higher point in recente history, with 39% Share, mostly thanks to the Qin, but others like the Roewe 550 PHEV are also helping along, with the introduction of the Tang, expect this number to rise even further, making this a predominantly PHEV market in the future.
Finally, looking at the manufacturers ranking, BYD is increasing its lead, it now has 37% of the market, up 5% regarding last year, while in a distant Second we have Zotye, with 17% share (Up 4%, thanks to the Cloud EV) and in Third there's BAIC, with 11%.
On a personal note, i think that if BYD is on its way to conquer EV Markets across the world in the next couple of years, Zotye, BAIC and Roewe are right now the best candidates for a follow-up on the BYD success, making them a possible second wave of chinese EV exporters.
|2||BAIC E-Series EV||1.506||5.803||11||5|
Zotye Cloud / Z100 EV
Roewe 550 PHEV
Chery QQ EV
JAC i EV
Geely-Kandi Panda EV
Source: China Auto Web