BYD maintained its position as China’s largest new energy vehicle (NEV) maker in February, according to the latest rankings by the China Passenger Car Association (CPCA), which for the first time includes Xiaomi. The company had retail sales of 205,711 NEVs in February, up 73.2 percent from the same month last year. BYD continued to be No. 1 in the NEV market by retail sales with a 29.2 percent share.
Tesla, on the other hand, experienced a decrease in retail sales in China in February, with 26,777 vehicles sold, down 11.2 percent from the same month last year. The US electric vehicle (EV) maker ranked 7th in China’s NEV market in February with a 3.8 percent share.
Geely, another prominent player in the NEV market, saw a significant increase in retail sales of 93,309 NEVs in February, up 197.5 percent from the same month last year. The company ranked second in China’s NEV market in February with a 13.2 percent share.
Changan Automobile also experienced growth in retail sales of NEVs in February, with 44,405 units sold, up 86.1 percent from a year earlier. The company ranked third in February in the NEV market with a 6.3 percent share.
Xpeng and Li Auto secured the 6th and 8th positions, respectively, in the NEV market in February. Xpeng had 27,951 retail sales and a 4.0 percent share, while Li Auto recorded 26,263 sales and a 3.7 percent share.
Leapmotor also made it to the top 10 list, ranking No. 10 with 23,671 sales and a 3.4 percent share in February. In the overall January-February period, BYD ranked No. 1 in China’s NEV market with retail sales of 405,953 units and a 27.4 percent share.
Geely and Changan followed BYD in the rankings for the January-February period, securing the second and third positions, respectively. In the overall passenger car market, which includes traditional internal combustion engine vehicles, BYD maintained its lead in retail sales with a 14.6 percent share.
Geely and FAW-Volkswagen ranked second and third in February in the overall passenger car market, with 12.8 percent and 7.0 percent shares, respectively. The NEV market in China continues to witness growth and competition among key players, with BYD leading the way in terms of sales and market share.
