China’s Plug-In Hybrid Market Surges as Competition Heats Up
The electric vehicle market in China is experiencing a surge in plug-in hybrid (PHEV) sales, while the battery-electric vehicle (BEV) market is showing signs of a slowdown. According to data from EV Volumes, BEV deliveries reached 641,228 units in May, a 29.8% increase compared to the previous year. On the other hand, the PHEV market saw a significant growth of 41.6% in May, with 468,202 units sold.
The Geely Geome Xingyuan emerged as the top-selling BEV model in May, with 38,715 registrations, capturing a 6% market share. The BYD Seagull followed closely behind with 31,105 deliveries, while the Xiaomi SU7 secured the third spot with 28,013 units. The Tesla Model Y, however, faced a decline in sales, recording 24,770 registrations in May.
In the PHEV market, BYD continued its dominance with six models in the top 10 rankings. The BYD Song Plus led the pack with 20,000 registrations, followed by the Li Auto L6 and the BYD Song L. Despite a decline in sales volume, BYD maintained a strong presence in the PHEV market.
The competition in the BEV market remains tight, with the Geely Geome Xingyuan leading the pack in year-to-date registrations. The Wuling Mini, which held the top spot earlier, is now closely behind in second place. The BYD Seagull is also a strong contender in third place, setting up an interesting battle among the top three models.
In terms of overall performance, the BYD Song Plus continues to lead the annual PHEV table with 97,400 registrations. The BYD Qin Plus and the BYD Song Pro follow closely behind, showcasing the brand’s consistent performance in the PHEV market.
Despite challenges in the BEV market, China’s plug-in hybrid segment is thriving, with BYD maintaining its dominance and other brands making significant strides. The competition in both markets is fierce, indicating a healthy and growing demand for electric vehicles in China.
For more information and detailed data, visit EV Volumes.
