Preliminary wholesale data for last month released by the China Passenger Car Association (CPCA) put the sales of new energy vehicles (NEV) in China during November at 1.46 million. NEV is the umbrella term used in China to apply to any electrified car and, therefore, largely consists of both BEVs and PHEVs.
The November figure was a 51% increase year-on-year, but the month-on-month increase was a much less impressive 6%. Current figures show that the penetration rate for NEVs during November was 53.3%.
Significantly, there are now 3 producers that sold over 100,000 in one month, with Changan also just below the level at 98,494.
| BYD | 504,003 |
| Geely | 122,453 |
| SAIC-GM-Wuling | 113,998 |
| Changan | 98,494 |
| Tesla China | 78,856 |
| Chery | 72,323 |
| Li Auto | 48,740 |
| GAC Aion | 42,301 |
| Leapmotor | 40,169 |
| Dongfeng | 36,729 |
| Seres | 36,842 |
| Great Wall | 35,885 |
| Xpeng | 30,895 |
| Nio | 20,575 |
| Xiaomi | 20,000 (estimated) |
| Shanghai Volkswagen | 15,832 |
| FAW Bestune | 13,604 |
| SAIC Passenger Vehicles | 13,059 |
| Arcfox | 11,122 |
| IM Motor | 10,007 |
| Hongqi | 8,542 |
| GAC Passenger Vehicles | 8,157 |
| BMW | 7,921 |
| SAIC General Motors | 6,651 |
| FAW Toyota | 5,676 |
| Smart | 5,549 |
| FAW Volkswagen | 4,482 |
| BAIC Passenger Vehicles | 4,162 |
| Jiangling | 3,403 |
| JAC | 3,036 |
| Zhidou | 2,200 |
| Livan | 2,142 |
| Jiyue | 1,932 |
| Nissan | 1,664 |
| GAC Honda | 1,551 |
| Jimai | 1,199 |
| Kia | 821 |
| Maxus | 755 |
| Peugeot-Citroen | 600 |
| GAC Toyota | 425 |
| Skyworth | 334 |
| Dongfeng Honda | 188 |
Once again, BYD had a record month and far exceeded the sales of second-placed Geely. BYD broke the half-million mark with sales of 504,003, whereas Geely achieved 122,453.
What is notable for Geely is that the NEV penetration rate reached 49%, which is close to the average for the whole market. Geely’s total sales in November were 250,100, which is an increase of more than 10% month-on-month and a year-on-year increase of about 27%. The 122,453 NEVs represent an increase of 13% month-on-month but, more impressively, a year-on-year increase of around 94%. So far, the cumulative sales of NEVs for Geely are around 777,000 for the year, which is a year-on-year increase of about 92%. They make up 39% of Geely’s overall sales total.
For the legacy Chinese producers this is by far the best result. SAIC had NEVs account for 36.53% in November, but that figure includes the result for the SAIC-GM-Wuling joint venture, which at 113,998 by far contributes the majority.
The November result for Great Wall was 28.25%. It should be noted that Great Wall is making slow progress in the switch to NEVs, with the November figure representing only a 15.2% year-on-year increase.
Although Chery has a similar penetration rate for NEVs, the company is making far faster progress in the switch. NEVs during November accounted for 27.7%, an astounding year-on-year increase of 267.9%. The cumulative sales of NEVs for the year so far are 480,900, a 214% year-on-year increase. NEVs account for 20.9% of Chery’s overall vehicle total.
It should be noted that Changan has yet to announce overall sales figures for November. However, from January to October, NEV’s accounted for 30% of sales.
Sources: CPCA, Autohome, Economic Observer
