EV Car Sales in China

As of January 2022, the retail sales of passenger vehicles in China was 2.079 million, a year-on-year decrease of 5% and a month-on-month decrease of 1.3%, of which 343,000 new energy EV Car sales, a year-on-year increase of 129.2%, and a month-on-month decrease of 27.9%.

Chinese manufacturer EV car sales sheet

According to the statistics of the automobile industry, from the annual sales list of new energy car companies, the top three car companies are BYD Automobile, SAIC-GM-Wuling, and Chery Automobile, with a sales volume of 92,788, 29,723, and 19,451 respectively. 41% share of the energy vehicle market.

In addition, a number of new power car companies also squeezed into the list, and their performance was also relatively good. Xiaopeng, Ideal, and Nezha all exceeded 10,000 vehicles. As for the joint venture brands, only FAW-Volkswagen and SAIC Volkswagen appear in the list, and they perform relatively well among the joint venture brands, but there is still a long way to go compared to the independent brands.

EV car sales sheet

In terms of specific models, Hongguang MINI EV is still the top seller. It leads the car companies with 26,682 units. Although it has increased by 3.5% year-on-year, it is still not enough compared with the months of 2021, which also led to SAIC-GM-Wuling’s 1.0% sales. Decline, becoming the only car company on the list to decline.

In the list, we can also see many miniature cars, such as Chery Ant, Changan Benben E-Star, QQ Ice Cream, etc. Among them, QQ Ice Cream has become a “dark horse”, and it won 9984 vehicles in the first month. It may become a threat to Hongguang MINI EV in the future.

Bluesky AC EV Charger

The second and third places are from BYD, of which Qin (including DM/EV) has 26,254 vehicles and Song (including DM/EV) has 20,722 vehicles. In addition, many BYD new energy vehicles also appeared on the list, such as BYD Han (including EV/DM) with 12,781 vehicles, BYD Dolphin with 10,602 vehicles, Tang with 8,847 vehicles, and Yuan with 6,596 vehicles.

At present, EV models are blessed with blade batteries, and DM models are blessed with DM-i hybrid system and blade batteries. BYD is not worried about selling them.

Tesla’s performance in January was average, mainly because most of its products were exported overseas, and only some models were sold domestically. Data show that Tesla sold 59,845 vehicles in China in January, of which 40,499 were exported and 19,346 were sold domestically.

In terms of specific models, Model Y retails 16,358 units, and Model 3 retails 2,988 units. In other words, most of Tesla’s models exported overseas are Model 3. According to the performance of Tesla China from the second half of 2021 to the present, its current monthly sales are basically maintained at the level of 50,000 units, which may be Tesla’s largest production capacity performance, and it is difficult to make new breakthroughs unless new factory.

At present, the Shanghai factory is responsible for domestic sales and export, which has caused its domestic sales to be unstable. Perhaps the Berlin factory and the Texas factory can be relieved after the production.

Bluesky DC EV charger

In terms of new power products, only the Ideal ONE and Xiaopeng P7 appeared on the list, of which the Ideal ONE delivered 12,268 units, making it the only medium and large SUV on the list.

The ideal ONE uses a range-extended hybrid system consisting of a 1.2L three-cylinder range extender and dual motors. The range extender does not directly participate in the drive. Although it is equipped with a 1.2L three-cylinder range extender, from the perspective of market feedback It does not affect its sales, and even leads a number of new energy vehicles.

In the current market structure of  EV car sales in China, apart from Tesla, the main voice is controlled by independent brands and car brands.

Taking BYD as an example, since the launch of “Blade Battery” + “DMi Hybrid Technology”, BYD has been back on the right track, and its sales have repeatedly hit new highs.

In addition, Weilai, Xiaopeng, Ideal, Nezha, and other brands in the new car-making forces have also continued to improve their performance in the market. As for joint venture brands, Volkswagen has done better, relying on products such as ID.3/ID.4 to gain market access.

EV charger station

The rapid growth of new energy vehicles, to a certain extent, shows that consumers have begun to accept new energy vehicles.

When the quality, battery life, and intelligence of new energy vehicle products have been significantly improved, consumers are willing to choose new energy vehicles.

For car companies, if they do a good job of their products and solve problems in a timely manner, they don’t kick the ball or shirk their responsibilities. Consumers will still pay attention to new energy vehicles when purchasing a car.

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