(Image credit: CnEVPost)
NIO entered the list of top 10 global BEV (battery EV) sales in the first three quarters, and Li Auto entered the list of top 10 PHEV (plug-in hybrid vehicle) sales, a new report shows.
In the first three quarters of this year, global new energy vehicle (NEV) sales reached 4.2 million units, according to a report released Thursday by market research firm TrendForce.
BEV sales were 2.92 million units, up 153 percent year-on-year, and PHEV sales were 1.28 million units, with an annual growth rate of 135 percent.
NIO is ninth in the list of top 10 BEV sellers with a 2.3 percent share, higher than Changan Automobile's 2.2 percent.
In the PHEV market, BMW had the highest sales with a 12.4 percent market share, followed by BYD at 11.5 percent and Mercedes-Benz at 9.9 percent.
BYD's strong performance is attributed to the launch of its DM-i model with new hybrid technology, which has led to a significant increase in sales since the second quarter of this year, TrendForce said.
Li Auto ranked 8th in the list of top 10 PHEV sales, with a 4.4 percent share, higher than Kia's 3.5 percent and Ford's 2.9 percent.
The next one to three years is the point when new brands and companies entering the car-making field from other industries achieve mass production, so there will be a lot of room for changes in the ranking and market share of NEVs, TrendForce noted.