Chinese carmakers represent 72% of the Chinese BEV market in 2023
- Over the cumulative first eight months of 2023, the Chinese passenger car market represented 15,640,859 units, compared to 14,647,334 units over the same period of 2022, meaning an of 6.8% of sales.
- Of this volume recorded over the period, the market share of Chinese carmakers excluding JVs (8,651,546 units) slightly exceeded 55%. It is to be noted that by including utility vehicles, this market share is even higher, as it reaches 62%.
- If we focus on the Chinese passenger car market only, the number of battery electric vehicles (BEV) reached 3,606,680 units over the first eight months of 2023, which represents 23% of the Chinese market, including 72% for the Chinese carmakers excluding J.V. (2,603,831 units). For the plug-in hybrid vehicles (PHEV) market, the volume reached 1,513,333 units, which represents 10% of the Chinese market including 95% of market share for Chinese carmakers excluding J.V. (1,443,578 units).
- If we add BEVs and PHEVs, 5,120,013 plug-in passenger cars were sold in China during the first eight months of 2023, representing 33% of the Chinese market, including a market share of 79% for the Chinese carmakers excluding JVs (4 047,409 units).
- The market share of BEVs, PHEVs, and the market share of Chinese carmakers, including within BEVs and PHEVs markets, are constantly increasing from month to month. Given that Tesla accounts for 17% of BEV sales in China in 2023, the share of Europeans, Japanese, Koreans and Americans others than Tesla only accounts for 11% in total, which is extremely low.