BYD (HKG: 1211, OTCMKTS: BYDDY) maintained its position as China's largest new energy vehicle (NEV) maker in February, according to the latest rankings by the China Passenger Car Association (CPCA), which for the first time includes Xiaomi (HKG: 1810, OTCMKTS: XIACY).
BYD had retail sales of 205,711 NEVs in February, up 73.2 percent from 118,802 units in the same month last year, according to the rankings released today by the CPCA.
The company continued to be No. 1 in February in the NEV market by retail sales with a 29.2 percent share, which was up from 26.9 percent in January, though down from 30.6 percent in February 2024.
Tesla (NASDAQ: TSLA) had retail sales of 26,777 vehicles in China in February, down 11.2 percent from 30,141 in the same month last year.
The US electric vehicle (EV) maker ranked 7th in China's NEV market in February with a 3.8 percent share, down from 4.5 percent in January and 7.8 percent a year earlier.
Xiaomi EV entered the leaderboard for the first time, coming in at No. 9 with a 3.4 percent share in February with retail sales of 23,728 units.
In China, NEVs include plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell vehicles.
BYD produces BEVs and PHEVs, with PHEVs contributing about 60 percent of its wholesale sales in 2024, according to data compiled by CnEVPost. Tesla and Xiaomi EV make only BEVs.
Geely had retail sales of 93,309 NEVs in February, up 197.5 percent from 31,364 in the same month last year.
The company ranked second in China's NEV market in February with a 13.2 percent share, down from 15.8 percent in January while up from 8.1 percent a year earlier.
Changan Automobile's retail sales of NEVs in February were 44,405 units, up 86.1 percent from 23,859 a year earlier.
Changan was third in February in the NEV maker with a 6.3 percent share, down from 6.9 percent in January but up from 6.1 percent a year ago.
Xpeng (NYSE: XPEV) was No. 6 with 27,951 retail sales and a 4.0 percent share.
Li Auto (NASDAQ: LI) was No. 8 with 26,263 sales and a 3.7 percent share.
Leapmotor (HKG: 9863) ranked No. 10 with 23,671 sales and 3.4 percent share.
In January-February, BYD ranked No. 1 in China's NEV market with retail sales of 405,953 units and a 27.4 percent share.
Geely ranked No.2 in China's NEV market in January-February with 210,885 units sold and 14.3 percent share.
Changan ranked 3rd in China's NEV market with 95,480 units sold and 6.5 percent share in January-February.
In the overall passenger car market, which includes traditional internal combustion engine vehicles, BYD ranked No. 1 by retail sales with a 14.6 percent share.
Geely was No. 2 in February with 179,990 units sold at retail and a 12.8 percent share.
FAW-Volkswagen was No. 3 with 98,100 units sold and 7.0 percent share.
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