33% Plugin Vehicle Market Share In China — February 2024 Sales Report

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Plugin vehicles are all the rage in the Chinese auto market, even in the slowest month of the year — due to the Chinese New Year celebrations. Due to the fact that festivities occurred this year in February, and last year they were in January, the market had an apparentlydown 9%But considering that this February had fewer work days than in the previous year, due to the New Year festivities, then even a single-digit drop is a positive sign.

Looking at the rest of the best seller table, the highlight comes from Wuling, which placed three models in the table. The bare basics Mini EV was in 6th, theBingo was in 10th, and the new Starlight sedan was in 17th. The SAIC–GM brand lineup is starting to look quite complete. Now they only need a compact best seller, a sort of …The sportier sibling of the BYD Qin Plus, the Destroyer 05, also had a great month, with 6,953 registrations, allowing it to end the month in 12th.

The BYD Qin Plus switched positions with the AITO M7, with the BYD sedan jumping into the runner-up position, while the Huawei-backed SUV dropped to 4th.In the second half of the table, the highlights are the Tesla Model 3 jumping three positions, to 12th, while the flagship Li Xiang, the L9, was up to 17th., there’s some major news, but not at the top. BYD remains as stable in its leadership position as ever.

 

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