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| BYD Qin Pro EV |
BYD Qin Best Seller in April
Plugin sales continue to recover in China, being down 29% YoY in April, the smallest drop this year, to close to over 61,000 units.
It
is expected that this recovery will develop in the coming months, with the
second half of the year probably seeing positive months, and maybe (fingers crossed!) by the end
of 2020, we could see this market go back in black.
For now, the overall market is recovering faster, having dropped just 3% last month, and as
a consequence, April's PEV share was just 4% (2.9% BEV), keeping the 2020 share at 4.2% (3.3% BEV), a step below from the 5.5% of 2019, hopefully the second half of the year will bring the possibility to beat last year's score.
For once, PHEVs resisted better than BEVs, leading to a 28% vs 72% breakdown between both powertrain technologies in April, and dragging pure electrics down 2% in its 2020 share, now at 77%.
Looking
at April Best Sellers, it's Startup Month Edition, with two models from local startups (NIO ES6 and Li Xiang One) showing up, while the young adult Tesla also contributes to the picture, with the Model 3, and the NIO-dusted Aion S, from GAC, makes an appearance, in 3rd.
Here’s April Top 5 Best Selling models individual performance:
The maker’s reply to the GAC Aion S and BAIC EU-Series
has won its first Best Seller trophy last month, thanks to 5,096 units, it seems BYD is betting on its electric sedan to ramp up and stay among the podium Best Sellers, if production capacity is not a
problem, demand could end up being an issue, after all, the GAC Aion S is cheaper AND has better
specs (59 kWh battery and 510 NEDC electric range for the Aion, 53kWh and 421
kms for the Qin).
#2 – Tesla Model 3
The poster child for
electric mobility hit 4,312 units
(including imports), being relegated to the runner-up spot for the first time this year, but fear not, this has more to do with temporary price policies (buyers knew that Tesla would lower in a few days the price of its SR+ version) than demand, or production issues, Tesla made some 10,000 units during April, so with the price effectively dropping below 300,000 RMB in May, expect a smashing month next month, with around 16,000 units being delivered (6,000 from April + 10,000 made in May), with the sports sedan returning to the leadership.
GAC’s
sleek sedan retuned to the podium, having registered 3,586 units,
a new year best, and while the Aion S is still far from the 8,460 units of last December, the ramp up continues and should reach cruise speed some time in the summer. One
of the most competitive domestic EV’s on the market, the Aion S is sure to
continue a regular in this Top 5, being a strong candidate to the medals positions.
#4 – NIO ES6
Another Top 5 presence for NIO, with the Midsize SUV scoring a record performance, thanks to 2,907 deliveries. Facing an uphill battle, after all, marrying “Premium” and “Chinese” in one EV-only brand is no easy task, the fact is that NIO products and concept are intriguing and add something new to the current EV landscape, not only they have battery swap stations, but they also increase regularly their models battery capacity, from the initial 74 kWh, back in 2018, to 80 kWh in 2019, and now in 2020, they have launched a 100 kWh option. Even better, the brand allows existing owners to upgrade their current batteries to the 100 kWh pack, for little over $5,000! The ES6 is the current best seller, but in a few months, the Model Y-like (and 100kWh battery-equipped) EC6 crossover will land, possibly stealing the thunder from its larger, taller, sibling ES6.
A startup that only started to deliver units last December, Li Xiang is fast becoming a relevant player in the market, winning its first Top 5 presence in April, thanks to a record 2,622 units, an amazing performance, especially when we consider that this is a 5-meter, 7-seater, full-size SUV. Using an original strategy when it comes to powertrain, being one of the few Extended Range Electric Vehicles on the market, it adds to the 41 kWh battery with fast-charging capabilities, a 1.2 liter gasoline engine that works as a range enxtender. With such a fast production ramp up, there shouldn't be any issues on that side, the question should be how much demand there will be for such unique proposition.
Looking
at the 2020 ranking, there were some
significant changes, with the GAC Aion S climbing one position to 3rd, while the BMW 530Le followed it, up to #4.
The
local EV Startups are shining, with the NIO ES6 jumping 3 spots, to #6, while the Li Xiang One did even better, shooting 4 positions, to #7, with the Weltmeister EX5 (1,388 units, new year best) in #14, the
XPeng G3 joining the table, in #17 and the Hozon Neta N01 in #21, just 204 units behind the #20 position, we could even have here 5 EV Startup models soon!
In other news, in the City Ev category, the tiny Baojun E-Series went up to #8, thanks to a year best 2,042 units, the Chery eQ (2,299 units, year best) was up to #11, while the Great Wall Ora R1 also jumped positions, now at #12, thanks to 1,760 units, which was, you guessed it, a new year best.
The BYD Tang PHEV climbed two positions, to #18, thanks to 1,122 units, a new year best (Do you see a trend here?)
Outside the table, Volkswagen started flexing its muscles, with 5(!) models posting four-digit performances (Tiguan PHEV - 1,035 units; Tayron PHEV - 1,062; Magotan PHEV - 1,377; e-Golf - 2,068; e-Bora - 1,364), allowing the veteran e-Golf hatchback to jump to #22, just 324 units away from the table, so expect it to join the table soon. Add the #15 Passat PHEV (1,137 units), and we have 6 VW's in the four-digits in April...How do you say "The Empire Strikes Back" in Chinese? But more on that below...
Looking
at the manufacturers ranking, BYD (18%,
up 1%) is in the leadership, with
Tesla (12%, down 2%) keeping the runner up spot, while SAIC (10%, down 2%) is 3rd, with the #4 GAC (7%, down 1%) already watching the #5 Volkswagen ( 7%, up 2%) presence behind it.
In the race for the global EV market supremacy, with Tesla owning North America's EV market and the VW Group (VAG) already beating Tesla in Europe, their domestic markets are in the bag of each, but China is neutral ground for both, and on top of that, it is also the most competitive EV market in the World, with an army of local competitors, and with the Model 3 now being made in China, Tesla took an early lead this year, so despite April's impressive performance, the German Conglomerate currently only has 8% share in the Chinese plugin market, trailing 4% behind Tesla.
But what it lacks in appealing models (insert oldtimer jokes), VAG compensates in its (massive) scale in China, allowing it to offer a plethora of models, including plugins, to local buyers, just to have an idea, Volkswagen offers 3 (three) different plugin hybrid Passats (Made-in-China Passat PHEV, Magotan GTE, Made-in-Germany Passat GTE), so to reduce the distance for Tesla in 2020, it is essential that VAG can pull off a Space Cowboys stunt in China.
With the Tesla Model 3 the most likely winner of this year Best Seller title in China, but without other models that can follow the sports sedan lead, Tesla is now something of a one trick pony in the Middle Kingdom, hence the reason why BYD's full lineup allows it to be 6% ahead of Tesla, and Volkswagen expects to replicate the same strategy to come closer to the American brand.
But the real fun will be in 2021, with the first member of the ID family (ID.4) expected to be made in China by late this year and the Tesla Model Y doing the same in early 2021, while the MiC ID.3 is set to start sometime in 2021, the race will be on between those two, although the local makers probably won't be sitting down too, and at least in their own market, they will be looking to get in the way of the two EV titans.
