Tesla becomes top 3 EV brands in China, plug-in vehicle sales increased by 70%
November 28, 2022 By Aaem Joshi
(Image Credit Google)
Along with Chinese automakers like BYD and SAIC-GM-Wuling, Tesla is one of the top EV brand names in China. Not to mention that the Tesla Model 3 ranked in the top 10 most popular electric vehicles in the Asian nation.
In fact, Tesla is the third best-selling car brand in the sector, accounting for around 7.3% of all plug-in EV sales in the Asian country.
According to Inside EVs, the renowned Chinese automaker BYD has the highest market share in the plug-in vehicle category. With a dominant 29.9% share of the pie, it dominates.
The SAIC-GM-Wuling is in second place, with about 8.6 percent share. GAC, which received 4.6% of the market, is trailing Tesla in terms of market share.
Chery, Geely, and Dongfeng received 4.4%, 3.7%, and 3.5%, respectively, while Dongfeng took the ninth position. Volkswagen, another non-Chinese automaker, took the final position with a share of the market of about 3.4%.
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In China, sales of plug-in EVs unexpectedly increased by around 75% in October. The aforementioned car segment accounts for more than 500,000 new registrations or 31% of all vehicle sales in the nation.
The BYD Song Plus, which sold more than 56,000 vehicles in October, was the best-selling plug-in. The second-placed Wuling Hong Guang MINI EV and third-placed BYD Qin Plus are both electric vehicles. Notably, BYD secured positions three through seven.
However, GAC secured two positions, taking ninth and tenth, respectively. In addition, the Tesla Model Y is ranked in the second-to-last position among the top 10 cars.
By Aaem Joshi
I am a Journalist who loves digging up stories that remain unheard. Strongly Believe in the knowledge of the social world.