China’s electric vehicle (EV) market continued its growth trajectory in October, with plug-in hybrids (PHEVs) showing impressive performance. BYD emerged as the dominant player in both the battery-electric vehicle (BEV) and PHEV segments, solidifying its position as a key player in the Chinese EV market.
According to data from EV Volumes, BEVs in China witnessed a 29.5% year-on-year growth in October, with 681,023 new registrations. On the other hand, PHEVs saw a remarkable surge of 92.1%, with 535,957 new models hitting the roads in the same month.
In terms of year-to-date figures, BEV volumes increased by 16.7% to nearly 4.9 million units, while PHEVs recorded a significant growth of 79.9%, totaling just under 3.7 million registrations. BEVs maintained their lead over PHEVs, commanding 56% of total plug-in registrations.
The PHEV market continued its upward trajectory in October, with a notable increase in market share compared to the same period last year. BYD dominated the top 10 PHEV models in China, with the Song leading the pack with 69,120 deliveries. The Qin L and Seal 06 followed closely, showcasing BYD’s stronghold in the PHEV segment.
In the BEV market, BYD’s Seagull emerged as the top performer with 51,288 units delivered in October. The Tesla Model Y and Wuling Mini secured second and third positions, respectively, in a closely contested BEV market.
Looking at the year-to-date figures, the Tesla Model Y maintained its lead in the BEV segment with 373,852 registrations, closely followed by BYD’s Seagull. Wuling’s Mini and Bingo models also secured strong positions in the top five BEV models in China.
Overall, China’s EV market continues to show promising growth, with BYD and Tesla leading the charge in both the BEV and PHEV segments. The competition is heating up, with domestic and international manufacturers vying for market share and dominance in the rapidly evolving EV landscape.
