| New Energy Vehicle Sales Data of Retail Market of China | |||||
| Time Period: Jan to Mar-24 | |||||
| No. | NEV Manufacturer | Jan-Mar 2024 | Jan-Mar 2023 | YoY | Market Share |
| 1 | BYD Auto | 586,006 | 508,706 | 15.2% | 33.1% |
| 2 | Geely Auto | 137,452 | 56,510 | 143.2% | 7.8% |
| 3 |
Tesla China |
132,420 | 137,429 | -3.6% | 7.5% |
| 4 | Changan Auto | 126,847 | 60,674 | 109.1% | 7.2% |
| 5 | SAIC-GM-Wuling | 105,081 | 77,701 | 35.2% | 5.9% |
| 6 | SERES | 82,447 | 11,769 | 600.5% | 4.7% |
| 7 | Li Auto | 80,400 | 52,584 | 52.9% | 4.5% |
| 8 | GAC Aion | 65,012 | 78,308 | -17% | 3.7% |
| 9 | Great Wall | 54,337 | 20,936 | 159.5% | 3.1% |
| 10 | Chery Auto | 35,269 | 16,125 | 118.7% | 2.0% |
Resource: China Passager Car Association
Highlights of Sale Data of Q1 2024
1) SERES gets the highest YoY rate of 600.5%, the only over 500% growth within top 10 models. The new M7 and M9 with latest Huawei's smart technologies are widely welcomed in family users, business owners, and technophiles. And the delivery time is shorten from months to weeks;
2) Geely Auto, Great Wall and Chery Auto perform good as well as these main top 3 traditional giant auto makers are shifting their focus on new energy vehicles too. And their new released EV models get strong feedback from the market;
3) GAC AION gets the sharpest decrease of -17%. One reason is that its new high new EV models, Hyper GT and HT, are not performing good as pervious models, and there are about 30% discount to simulate sales; While the sales of previous models are badly affected by BYD's price reductions.
Contact ADVENCAR if interested in reselling these popular EVs in your city