NIO ranked ninth on the list of top 10 global BEV sales and Li Auto ranked eighth on the list of top 10 PHEV sales.
(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.
Tesla was the top BEV seller with 21.5 percent market share, followed by Wuling with 9.8 percent and BYD with 6.3 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.