BYD continued its stronghold on China’s new energy vehicle (NEV) market in April, outpacing competitors and securing the top spot with a 37.5 percent share, according to the China Passenger Car Association (CPCA). The company’s retail sales of passenger NEVs totaled 254,131 units, marking a 31.1 percent year-on-year increase.
Tesla, on the other hand, saw a decline in its ranking, with retail sales in China dropping to 31,421 units, down 21.4 percent from the previous year. This placed Tesla at No. 5 with a 4.6 percent share, a notable shift from its No. 2 position in March.
BYD’s success is attributed to its range of offerings, including both plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), whereas Tesla focuses solely on BEVs. In April, BYD’s total NEV sales reached 313,245 units, up 48.96 percent from the previous year.
Other notable performers in April include Geely, with retail sales of NEVs up 76.3 percent at 49,155 units, securing the No. 2 spot with a 7.3 percent share. Changan Automobile also saw significant growth, with NEV retail sales up 119 percent to 40,507 units, placing it third with a 6 percent share.
In the overall passenger car market, BYD maintained its lead with a 16.6 percent share in April. FAW-Volkswagen and Geely followed with 7.8 percent and 7.6 percent shares, respectively.
For the January-April period, BYD remained at the top of China’s NEV market with a 34.3 percent share, followed by Geely with 7.6 percent and Changan with 6.8 percent. In the overall passenger car market, BYD held a 13.2 percent share, followed by FAW-Volkswagen and Geely.
