| All Vehicle Sales Data of Retail Market of China in November 2024 | |||||
| Time Period: Nov-24 | |||||
| Unit: Vehicle | |||||
| NO. | NEV manufacturers | 2024.11 | 2023.11 | YoY | Share |
| 1 | BYD Auto | 417,232 | 263,066 | 58.60% | 32.90% |
| 2 | Geely Auto | 120,896 | 61,567 | 96.40% | 9.50% |
| 3 | SAIC-GM-Wuling | 84,757 | 54,300 | 56.10% | 6.70% |
| 4 | Tesla China | 73,490 | 65,504 | 12.20% | 5.80% |
| 5 | Changan Auto | 72,570 | 44,645 | 62.50% | 5.70% |
| 6 | Chery Auto | 64,362 | 16,215 | 296.90% | 5.10% |
| 7 | Li Auto | 48,740 | 41,030 | 18.80% | 3.80% |
| 8 | GAC Aion | 38,864 | 40,815 | -4.80% | 3.10% |
| 9 | Leapmotor | 38,850 | 18,508 | 109.90% | 3.10% |
| 10 | Great Wall Motors | 33,951 | 28,941 | 17.30% | 2.70% |
Resource: China Passenger Car Association
Highlights of Sale Data of November 2024:
1. BYD continues to be strong:
November sales were 417,232 units, up 58.6% year-on-year, with a market share of 32.9%, showing that its leading position in the new energy vehicle market remains solid.
2. Emerging brands are growing rapidly:
Emerging brands such as Geely Auto, Chery Auto and Leapmotor showed strong growth momentum in November. Geely Auto's sales increased by 96.4% year-on-year, Chery Auto's sales increased by 296.9% year-on-year, and Leapmotor's sales increased by 109.9% year-on-year. These brands also increased their market share.
3. Some traditional brands face challenges:
GAC Aion's sales fell by 4.8% in November, and its market share fell to 3.1%, making it the only manufacturer in the top ten with a decline in sales. This reflects that in the fierce market competition, some traditional brands may need to further improve their product competitiveness and market strategies.
4. Tesla's growth in China slows down:
Tesla's sales in China in November were 73,490 units, up 12.2% year-on-year. Although it is still growing, the growth rate is relatively low, and the market share is 5.8%. This may indicate that Tesla is facing increasingly fierce competition in the Chinese market.
Overall, the new energy vehicle market continues to maintain rapid growth, emerging brands are performing well, and traditional brands need to constantly adjust their strategies to cope with market competition.
Contact ADVENCAR if interested in reselling these popular cars in your city
Highlights of Sale Data of November 2024:
1. BYD continues to be strong:
November sales were 417,232 units, up 58.6% year-on-year, with a market share of 32.9%, showing that its leading position in the new energy vehicle market remains solid.
2. Emerging brands are growing rapidly:
Emerging brands such as Geely Auto, Chery Auto and Leapmotor showed strong growth momentum in November. Geely Auto's sales increased by 96.4% year-on-year, Chery Auto's sales increased by 296.9% year-on-year, and Leapmotor's sales increased by 109.9% year-on-year. These brands also increased their market share.
3. Some traditional brands face challenges:
GAC Aion's sales fell by 4.8% in November, and its market share fell to 3.1%, making it the only manufacturer in the top ten with a decline in sales. This reflects that in the fierce market competition, some traditional brands may need to further improve their product competitiveness and market strategies.
4. Tesla's growth in China slows down:
Tesla's sales in China in November were 73,490 units, up 12.2% year-on-year. Although it is still growing, the growth rate is relatively low, and the market share is 5.8%. This may indicate that Tesla is facing increasingly fierce competition in the Chinese market.
Overall, the new energy vehicle market continues to maintain rapid growth, emerging brands are performing well, and traditional brands need to constantly adjust their strategies to cope with market competition.
Contact ADVENCAR if interested in reselling these popular cars in your city