BYD had 25% of the Chinese BEV market in 2023
- In a recent Auto Analysis, Inovev compared the share of BEV in the global sales of the different European carmakers in 2023. It seems interesting and relevant to analyse the share of BEV in the sales of the different Chinese carmakers in 2023, in China.
- BEVs represents 24% of the Chinese market in 2023 but few Chinese carmakers only propose BEVs, not even BYD which sells almost half of PHEVs. Some Chinese groups have brands dedicated to electric motors, but there are currently only three independent 100% electric Chinese brands: NIO, Xpeng and Hozon.
- The carmaker Leapmotor sells a little less than 75% of BEV, GAC a little less than 55% like BYD. BAIC sells just under 50% of BEV, SAIC just under 35% and Dongfeng just under 30%. The other Chinese carmakers each sell less than 24% of BEVs.
- If we focus on the Chinese BEV market, who are the leading carmakers in this market? BYD is the undisputed leader in this market, with a share of 26%, ahead of Tesla (15%), which is not Chinese but which produces locally, Wuling (9%), a Chinese brand but co-owned by GM, GAC (8%), Geely (6%) and SAIC (6%). The other carmakers each occupy less than 5% of the Chinese BEV market.