|BYD Qin Pro EV|
BYD Qin Best Seller in April
Here’s April Top 5 Best Selling models individual performance:
#1 – BYD Qin Pro EV
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
#3 – GAC Aion S
#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.
#5 – Li Xiang One EREV
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.
Li Xiang ONE
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.