Top Selling BEVs and PHEVs in China in 2021
- China registered 2,751,755 all-electric cars (BEV) in 2021 compared to 995,397 units in 2020, and 597,752 plug-in hybrids (PHEV) in 2021 compared to 276,561 units in 2020. Sales growth reached 176% for BEVs and 116% for PHEVs, which means that these sales have more than doubled for this type of vehicle.
- The BEV market was boosted by the arrival of the Teslas on the Chinese market, which gradually took over nearly 18% of BEV sales in China, but also by the arrival of the Wuling HongGuang Mini EV, which in a short time became leader in BEV sales in China, with nearly 430,000 units in 2021, which represents nearly 16% of the BEV market in China.
- The Tesla Model 3, Tesla Model Y and Wuling HongGuang Mini EV thus occupy a third of the BEV market in China in 2021. They are ahead of around forty models of all brands which sell less than 100,000 units each.
- This category of vehicles is constantly being renewed since new brands are appearing as well as new models, which shows that this market is not yet in a mature state. There are still places to take and brands like Changan, BYD, Neta managed to hold their own last year while the J.V. struggle to follow the movement.
- On the PHEV side, the distribution of sales is more even since there is no really dominant model. BYD is, however, the brand with the most influence in this market, with a 45% market share in PHEV sales. J.V.s between Chinese and foreigners are also present in this market, such as those working for BMW, Volkswagen, Buick, Honda or Volvo.
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