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

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

 

All Vehicle Sales Data of Retail Market of China
Time Period: Jan-Oct 24
Unit: Vehicle
NO.
NEV manufacturers
2024.1-10
2023.1-10
YoY
Share
1
BYD Auto
2,897,974
2,142,794
35.20%
34.80%
2
Geely Auto
633,241
326,658
93.90%
7.60%
3
Tesla
500,685
462,355
8.30%
6.00%
4
Changan Auto
477,762
298,024
60.30%
5.70%
5
SAIC-GM-Wuling
472,373
336,379
40.40%
5.70%
6
Li Auto
393,255
284,647
38.20%
4.70%
7
Seres Auto
323,486
54,113
497.80%
3.90%
8
GAC Aion
291,888
398,821
-26.80%
3.50%
9
Chery Auto
289,551
84,249
243.70%
3.50%
10
Great Wall Motors
219,381
179,991
21.90%
2.60%

Resource: China Passager Car Association

Highlights of Sale Data of Jan-Oct 2024:

1. BYD topped the list with sales of 2,897,974 vehicles. The market share reached 34.80%, showing its dominant position in the new energy vehicle market.

2. Geely Auto sold 633,241 units, a year-on-year increase of 93.90%, and its market share was 7.60%, showing strong growth momentum.

3. Tesla ranked third with sales of 500,685 vehicles, a year-on-year increase of 8.30%, and a market share of 6.00%.

4. It is worth noting that Seres Auto’s performance was particularly eye-catching, with sales reaching 323,486 units, a year-on-year increase of 497.80%, and a market share of 3.90%, showing its rapid growth and potential in the new energy vehicle market.

5. In addition, GAC Aian is the only manufacturer on the list with a year-on-year sales decline, with sales of 291,888 units, a year-on-year decrease of 26.80%, and a market share of 3.50%. This may be related to its product strategy, market competition or other factors.

Overall, the new energy vehicle market has shown a significant growth trend in the first ten months of 2024, with the performance of leading manufacturers being particularly outstanding. Among them, BYD Auto and Geely Automobile have seen the most significant growth in market share and sales. The rapid growth of Cyrus Auto also shows the huge growth potential of new entrants in the new energy vehicle market.

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