CPCA
Automakers' share of China NEV market in 2024: BYD tops with 34.1%, Tesla 3rd with 6.0%
- Tesla had retail sales of 657,102 units in China in 2024, ranking third in the Chinese NEV market with a 6.0 percent share.
- BYD ranks first with 3,718,281 retail sales of NEVs and 34.1 percent share.
China NEV retail reaches record 1.3 million in Dec while penetration continues to decline
- China's NEV penetration at retail stood at 49.4 percent in December, marking the fourth consecutive monthly decline and the first time it has fallen below 50 percent since June.
- BEVs sold 762,000 units at retail in December, contributing 58.5 percent of all NEV retail sales, lower than 59.8 percent in November.
China NEV retail at record 1.38 million in Dec, preliminary CPCA data show
China's NEV retail penetration was 52.6 percent in December and 47.97 percent in 2024, according to preliminary CPCA data.
China auto market sees 227 models with price cuts in 2024
China's auto market saw 227 models with price cuts in 2024, more than 148 in 2023 and significantly higher than 95 in 2022, according to CPCA secretary-general.
China Dec NEV wholesale at record 1.5 million, CPCA estimates show
China's new energy vehicle (NEV) sales hit a record high in December 2024, with wholesale sales estimated at 1.5 million units, a 35% year-on-year increase. This marked the fifth consecutive month exceeding 1 million units, with NEV penetration surpassing 50%. Major contributors included BYD, Geely, SAIC-GM-Wuling, Chery, and Tesla China. Government trade-in subsidies, doubled in July 2024, significantly boosted sales, with millions of applications filed. NEVs, including BEVs, PHEVs, and fuel cell vehicles, dominated the market, supported by policies favoring entry-level models. The auto market remained robust, driven by sustained consumer demand and supportive measures.
China NEV retail at 817,000 in Dec 1-22, up 4% from same period last month
Cumulative retail sales of passenger NEVs in China so far this year totaled 10.41 million units, up 43 percent from a year earlier.
CPCA expects China Dec NEV retail sales to be record 1.4 million
The CPCA expects China's retail sales of NEVs to reach 1.4 million units in December, the fifth consecutive month above 1 million units.
China NEV retail at 536,000 in Dec 1-15, up 6% from same period last month
Retail sales of all passenger vehicles in China totaled 1,083,000 units in the December 1-15 period, up 14 percent from the same period last month.
China NEV retail at 255,000 in Dec 1-8, up 3% from same period last month
China's retail sales of all passenger vehicles in December 1-8 were 502,000 units, up 11 percent from the same period last month.
Automakers' share of China NEV market in Nov: BYD tops with 32.9%, Tesla 4th with 5.8%
In the January-November period, BYD ranked first in China's NEV market with a 34.5 percent share, while Tesla ranked third with a 6.0 percent share.
