AITO M7 New Energy Vehicle

Jan 2024: New Energy Vehicle Sales Data of Retail Market in China

New Energy Vehicle Sales Data of Retail Market of China
Time Period: Jan-24
No. NEV Manufacturer Jan 2024 Jan 2023 YoY Market Share
1 BYD Auto 206,904 139,755 48.0% 31%
2 Geely Auto 64,286 8,781 632.1% 9.6%
3

Changan Auto

51,109 18,129 181.9% 7.7%
4 SAIC-GM-Wuling 41,066 17,641 132.8% 6.2%
5 Tesla China  39,881 26,843 48.6% 6%
6 Li Auto 31,165 15,141 105.8% 4.7%
7 SERES 30,854 4,469 590.4% 4.6%
8 Great Wall  23,491 5,069 363.4% 3.5%
9 GAC Aion 21,938 8,206 167.3% 3.3%
10 Dongfeng Motor 12,973 5,341 142.9% 1.9%

 

Resource: China Passager Car Association

Highlights of Sale Data of Jan 2024

1, There are 8 brands out of 10 reaching over 100% YoY growth. While BYD and Tesla are pure new energy vehicle manufacturers, and others are transforming from traditional fuel vehicle to new energy at a great lick;

2, Geely Auto has the biggest YoY growth at 632.1%. There are 2 main reasons. First, the traditional fuel models, like Dihao(Emgrand) and Xingyue(Monjaro), have hybrid version for market; Second, these new released new energy brands, like Geometry and Galaxy, get great feedback from market;

3, SERES has the 2nd biggest YoY growth at 590.4%. The huge growth is contributed by new released M7 and M9, with the latest smart driving technologies from HUAWEI. Both M7 and M9 need to be lined for months, and there is challenge for both SERES and HUAWEI to increase the production capacity.

 

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