Wednesday, October 18, 2017

China September 2017

Image result for 2018 BYD Qin DM 100 





(Yet Another) Record Month



The rise and rise of the Chinese PEV market seems unstoppable, with another record performance in September, with 59.000 new passenger plug-ins being registered last month in China, growing 80% regarding the same month last year, pulling the YTD count to over 338.000 units, up 48% YoY.



As consequence of this, the PEV market share is at record level, with 1.8% share, firmly ahead of last year score (1.5%), as sales are expected to grow even further until the end of the year, the Chinese PEV market is sure to surpass the 2% share by year end.



This is still a highly protected market, where 94% of sales belong to domestic brands. Of the 6% left for foreign brands, 4% belong to Tesla, 1% to BMW, with the remaining 1% being divided by all other auto makers.



In September, small city cars remained popular, with the EC-Series beating the monthly record, with over 8.400 deliveries, with a second BYD (Qin PHEV) joining the Song PHEV in this month Top 5.





Here’s September Top 5 Best Selling models individual performance:


Image result for white BAIC EC180

#1 – BAIC EC-Series: A consistent seller this year, the EC-Series, formerly known as EC180, last month improved its already impressive August result (6.726 units), by registering 8.419 units, a new all-time high for a single model anywhere in the world. The little city EV owes its success to a trendy design, reminding that of a Crossover, improved specs (Now with 200 kms range) and competitive price (19.000€). Will it be enough to win the 2017 Best Seller award? Right now it is the most likely winner, which will be a first for BAIC, and with ever growing sales, I wouldn’t be surprised if it was the first EV to reach five-digits in one month.


 Image result for white Zhidou D2 EV

#2 – Zhidou D2 EV: Bare-basics city vehicle that doesn’t inspire anyone, but continues to be delivered in record quantities (5.084 units in September, new pb), probably due to fleet deals. This vehicle is sold as a Quadricycle (Think Renault Twizy) in some European countries, with the following specs: 12 kWh battery, 120 kms range, 90 kms max. speed, all this for some 16.000€. The brand has ambitious plans to market it as a car-sharing vehicle in Europe, but will local consumers want to drive it?


Image result for white BYD Song PHEV

#3 – BYD Song PHEV: This is BYD’s “Model Y”, a VW Tiguan-sized SUV, here in plug-in hybrid version, last month it registered 3.745 units, dropping some 400 units regarding the previous month. Production constraints or is demand already fading? I believe the full potential of this version should be around 5.000 units/month, adding some 2.000 units from the BEV version, it should be enough to have the Song singing to the tune of 7.000 units/month, both versions counted.



Image result for 2018 byd qin dm
#4 – BYD Qin PHEV: Thanks to a recently increased range (100 kms), BYD’s sports sedan (0-100 kms/h in 5.9s) recovered its mojo and had 3.554 units registrations in September, the nameplate’s best result in over two years. With a competitive price (31.000$ before incentives) and full access to government incentives, sales are expected to remain high, as long as BYD manages to make enough of them, in order to satisfy demand.


Image result for 2018 chery eq

#5 – Chery eQ: The little electric Chery delivered 2.652 units in September, allowing it to reach the Top 5. A popular choice among city dwellers, for 24.200$ before incentives, you get a fairly funky city car, with the 22kWh battery providing decent range (200 kms), and the engine giving just enough power (57 hp), so that it doesn’t feel underpowered.



 
Roewe eRX5

  

Year-to-Date Ranking – BYD Qin PHEV jumps six positions



In a stable market, we have to go all the way down to #14 in order to see a significant change, with the BYD Qin PHEV jumping six positions, while the other significant news is the Roewe eRX5 BEV joining the Top 20, thanks to 1.940 units (new pb).



The remaining positions haven’t seem much action, but there were some personal records being broken across the ranking, besides the aforementioned BAIC EC-Series, Zhidou D2 EV and Roewe eRX5 BEV performances, another model also broke its personal best: The JAC iEV6S registered 3.021 units, more than it had delivered in the whole year of 2016.



Looking at the manufacturers ranking, BYD (19%, down 1%) is comfortable at the Throne, keeping the former leader BAIC (15%) at a safe distance. At least for now.



In Third Place we have Zhidou, with 10% share, with Roewe in its tail (8%, down 1%), with the Shanghai-based manufacturer trying to reach the podium, in its bid to become the Third of China’s “Big 3 PEV” club.



Pl
China
Sept.
YTD
%
1
BAIC EC-Series
8419
37152
11
2
Zhidou D2 EV
5084
32591
10
3
BYD Song PHEV
3745
19846
6
4
BYD e5
2288
18263
5
5
Geely Emgrand EV
2437
16248
5
6
JAC iEV6S
3021
15724
5
7
Chery eQ  
2652
14766
4
8
SAIC Roewe eRX5 PHEV
1437
13449
4
9
Changan Benni EV   e)
2586
11743
3
10
BYD Tang
1077
10461
3
11
JMC E100
1693
10417
3
12
Zotye E200
1167
9263
3
13
BAIC EU-Series
234
8244
2
14
BYD Qin PHEV
3554
7835
2
15
Tesla Model S   e)
364
6159
2
16
Tesla Model X   e)
514
5978
2
17
JMC E200
540
5587
2
18
Zotye Cloud EV
684
5564
2
19
SAIC Roewe eRX5 BEV
1940
4827
1
20
BYD Qin EV300
115
4646
1
Others
15435
79247

TOTAL
58986
338010





10 comments:

  1. jose no kandi sales? one link in china showed 3500 for sept..is this possible after ceo says they will be on top by end of year?

    ReplyDelete
    Replies
    1. The brand Kandi did had 3500 deliveries, divided by both the K12 and K17 models.

      Regarding their CEO claim, 3500 per month is really low compared with to 10k of BYD, 8k of BAIC, 5k of Zhidou and Roewe...

      Delete
    2. jose thanks for responding but why no showing on the list then? they still had that many for one month. I don't get what your trying to say here. can u explain being that others on that list are lower than 3500 on that list so why?

      Delete
    3. also you know stock is on the Nasdaq and has risen more than 100%. please explain why no listing here.

      Delete
    4. http://carsalesbase.com/china-car-sales-data/geely/kandi-k12/

      Delete
    5. The Kandi K12 has 4026 deliveries this year, less than the #20 BYD Qin EV300 (4646), as the criteria for showing up on this Top 20 are the 2017 sales, the K12 is still not elligible for it.

      Delete
    6. ok I understand now. its has to do with the ytd to make the list. gotcha. thanks for explaining jose. hopefully in the next months kandi will make the list. thanks

      Delete
  2. 2.5% market share in September.

    ReplyDelete
  3. Hi, Hose.

    According to CAAM, in the first nine months of the year 17,150,000 passenger cars were sold.

    http://www.caam.org.cn/AutomotivesStatistics/20171016/1005212587.html

    If that figure includes all passenger car sales, then, since your figure for plug-in sales YTD is 338,010, the YTD market share is already 2.0% !
    (1.97% if considering two decimal positions)
    Isn't it?

    Ciao

    ReplyDelete
  4. Hi Alok,

    I think CAAM number does not count imports.

    ReplyDelete