NIO will sell nearly 150,000 BEVs in the world in 2023

Among the many Chinese brands created these recent years, most have focused on the production of battery electric vehicles (BEV), such as Aion (GAC), Arcfox (BAIC), Avatr (Changan), BYD,
Geometry (Geely), IM Motors (SAIC), Maple (Geely), Neta (Hozon), NIO, ORA (Great Wall), Polestar (Geely), Rising (SAIC), Skywell (Skyworth), X-Peng or Zeekr (Geely).
The 14 brands mentioned above represent 22% of BEV sales in China over the first eight months of 2023 (785,703 units out of 3,606,680 BEV).

Other recent Chinese brands have focused on both the production of battery electric (BEV) and plug-in hybrid (PHEVvehilessuch as Denza (BYD), Leapmotor (Leapmotor), Li Auto (Li Auto), Lynk & Co (Geely), Seres (Seres), Voyah (Dongfeng) or WEY (Great Wall). The market share of these 7 recent brands, however, still remains very low (2% of the BEV market and 7% of the PHEV market).

Among the recent Chinese BEV brands, Aion from the GAC group is making a spectacular breakthrough on the Chinese market in 2023 (300,000 sales over the first eight months of 2023), even if it remains very far from BYD (1,700,000 sales over the same period). NIO is currently three times smaller (100,000 sales over the same period) but announces a vast expansion plan in China and internationally. NIO hopes to sell 150,000 BEVs worldwide throughout 2023 and double this figure next year. With its current range of 7 different models which could expand further, NIO wants to compete with BYD on the Chinese market and internationally.

 
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