In the first half of 2024, BYD was No. 1 in China's NEV market with a 33.8 percent share, while Tesla was No. 3 with a 6.8 percent share.
BYD (HKG: 1211, OTCMKTS: BYDDY) continued to have the largest share of China's new energy vehicle (NEV) market last month, while Tesla (NASDAQ: TSLA) stayed in third place with the same share as in May.
BYD sold 280,095 passenger NEVs at retail in China in June, remaining No. 1 with a 32.7 percent share, according to data released today by the China Passenger Car Association (CPCA).
The company is the only one with more than a 30 percent share of China's NEV market, albeit lower than its 33.4 percent share in May.
BYD's retail sales in June were up 21.1 percent from 231,230 in the same month last year, according to the CPCA.
Data released by BYD earlier this month showed it sold 341,658 NEVs in June, up 35.02 percent year-on-year and up 2.97 percent from May. The figures are wholesale sales and include both passenger cars and commercial vehicles.
Retail sales of passenger NEVs in China in June were 856,000 units, up 28.6 percent from a year ago and up 6.4 percent from May, data released by the CPCA on July 8 showed.
Tesla's retail sales in China in June were 59,261 vehicles, down 20.1 percent year-on-year and third in the NEV market with a 6.9 percent share.
In May, Tesla's retail sales in China were 55,215 vehicles, also third with a 6.9 percent share, according to figures released by the CPCA last month.
In China, NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel-cell vehicles. BYD produces PHEVs and BEVs, while Tesla only produces BEVs.
Tesla China sold 71,007 vehicles in June, including 11,746 exported and 59,261 sold in China, according to data compiled by CnEVPost.
Tesla has a factory in Shanghai that produces the Model 3sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.
Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, it previously said.
Geely sold 63,530 NEVs at retail in June, up 90.5 percent year-on-year, and continued to rank second with a 7.4 percent share, up slightly from 7.0 percent in May.
Changan Automobile's retail sales of NEVs in June were 48,338 units, up 50.3 percent year-on-year, and ranked No. 4 with a 5.6 percent share.
In the January-June period, BYD's retail sales of NEVs in China were up 20.3 percent year-on-year to 1,388,458 units, ranking No. 1 with a 33.8 percent share.
Geely's NEV retail sales for the period were 306,309 units, up 118.2 percent year-on-year, to take second place with a 7.5 percent share.
Tesla's retail sales in China in the January-June period were 278,317 units, down 5.4 percent year-on-year, to take third place with a 6.8 percent share.
Changan's retail sales in January-June were 264,469 units, up 94.9 percent year-on-year, and ranked fourth with a 6.4 percent share.
In the passenger car market, which includes traditional fuel vehicles, BYD topped the retail rankings with a 15.9 percent share in June.
FAW-Volkswagen was second with a 7.5 percent share in June with retail sales of 133,132 units, down 25.5 percent year-on-year.
Geely was third with a 7.4 percent share after retail sales of 130,738 units in June, up 17 percent year-on-year.
In the January-June period, BYD ranked first in China's passenger car market share with a 14.1 percent share, while FAW-Volkswagen was second with a 7.8 percent share and Geely was third with a 7.7 percent share.
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