NEV Sales Up 181.7% YoY, BYD as Best Seller

Published: Jul 29, 2021 14:24

Save

Sales of NEVs recorded 217,900 units in June, up 181.7% on the year and 22.8% on the month, achieving positive growth for the second consecutive month.

SHANGHAI, Jul 29 (SMM) - Sales of NEVs recorded 217,900 units in June, up 181.7% on the year and 22.8% on the month, achieving positive growth for the second consecutive month.

Sales of NEVs stood at 217,900 units in June, up 30,000 units from March and almost flat from 2020. Sales rose in Q2 and are expected to trend higher in Q3 amid the policy of promoting NEVs to enter rural area and launch of Model Y Standard Range and Xiaopeng G3.

BYD sales recorded 35,300 units in June, up 44% on the month, becoming the Champion Sales again since April 2020, mainly due to outstanding performance of its new hybrid models BYD Qin Plus and Song Plus. Model Y Standard Range is about to be launched, leading a slight decline in sales, but Model 3 has get rid of the brake accident impact.

Tesla sold 28,500 units, up 22% month on month. Sales of Great Wall Motor fell sharply amid the shortage of chips, but rebounded at the end of June. Li Auto sold 7,858 units in June, up 62% on the month, due to improvement of styling and rising demand.

NEV BYD Sales

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

11 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

11 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

11 hours ago