NEVs, BEVs and PHEVs

Update: August 6, 2023

Total sales of PHEVs (Plug-in Hybrid Electric Vehicles) on the other hand, reached 1.28 million units, a 135% YoY growth.

In BEV sales, Tesla took the leadership position with a 21.5% market share. The automaker’s sales volume for the first three quarters of this year has already surpassed its sales volume for 2020.

Second on the top 10 list, Wuling Hongguang was able to maintain its high volume of sales due to not only low retail prices, but also a gradual expansion of its target markets from tier-three and tier-four cities to tier-one and tier-two cities in China.

BYD and Volkswagen took third and fourth places, respectively, with the latter aggressively consolidating its BEV offerings into the ID family. Vehicles in the ID Family have accounted for nearly all of Volkswagen’s BEV sales since 3Q21.