Automakers' share of China NEV market in Sept: BYD tops with 34.4%, Tesla 4th with 6.4%

In the January-September period, BYD was No. 1 in the NEV market in China with a 34.6 percent share, while Tesla was No. 3 with a 6.5 percent share.

BYD (HKG: 1211, OTCMKTS: BYDDY) stayed on top of retail sales in China's new energy vehicle (NEV) market last month, while Tesla (NASDAQ: TSLA) slipped one spot.

BYD continued to be No. 1 with a 34.4 percent share of China's passenger NEV retail sales of 386,749 vehicles in September, according to data released today by the China Passenger Car Association (CPCA).

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The company is the only one with more than 30 percent of China's NEV market, although its share was down from 37.0 percent in August.

BYD's retail sales in September were up 50.1 percent from 257,736 in the same month last year, according to the CPCA.

BYD released figures earlier this month showing it sold a record 419,426 NEVs in September, up 45.91 percent and up 12.42 percent from August. The figures are wholesale sales and include passenger cars and commercial vehicles across the group's brands.

BYD-branded passenger cars, which include the Dynasty and Ocean series, sold 398,704 units in September, up 45.7 percent year-on-year and up 12.97 percent from August.

China's passenger NEVs sold a record 1,123,000 units at retail in September, the second time they have exceeded 1 million, up 50.9 percent from a year ago and up 9.6 percent from August, CPCA data released on October 12 showed.

Tesla's retail sales in China in September were 72,200 vehicles, up 66 percent from a year ago, and its share increased to 6.4 percent from 6.2 percent in August.

Despite this, Tesla's third-place position in August was replaced by SAIC-GM-Wuling, resulting in fourth place in the September NEV retail sales rankings.

SAIC-GM-Wuling had sales of 72,986 in September for a 6.5 percent share. It was fourth in the August rankings when it had a 6.1 percent share.

Geely was second in the retail NEV sales rankings in September with 89,479 sales and an 8.0 percent share.

Tesla China sold 88,321 vehicles in September, including 16,121 exported, according to data compiled by CnEVPost.

It sold 72,200 vehicles in China in September, surpassing August's 63,456 for a year-to-date high.

Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, both for deliveries to local customers and as an export hub.

Model Y retail sales in China in September were 48,202 units, the highest for a single month so far this year. Model 3 retail sales in China in September were 23,998 units, the highest since September 2022.

In the January-September period, BYD's retail sales of NEVs in China were 2,466,607 units, up 30.9 percent year-on-year, to take the top spot with a 34.6 percent share.

Geely's NEV retail sales for the period were 527,093 units, up 95.8 percent year-on-year, to take second place with a 7.4 percent share.

Tesla's retail sales in China in the January-September period were 460,200 units, up 6.1 percent year-on-year, placing it third with a 6.5 percent share.

In the passenger car market, which includes traditional fuel vehicles, BYD topped the retail rankings in September with an 18.3 percent share, but down from a 19.9 percent share in August.

Geely was second with a 7.7 percent share in September with retail sales of 162,766 units, up 15.4 percent year-on-year.

FAW-Volkswagen was third with a 6.9 percent share in September with retail sales of 145,410 units, down 14.6 percent year-on-year.

In the January-September period, BYD ranked first in China's passenger car retail market share with 15.8 percent, Geely was second with 7.6 percent and FAW-Volkswagen was third with 7.4 percent.