The Rise & Rise of the Chinese EV Market — 17% Market Share in January

After the December sales peak, one would expect a sales hangover in January, only … it didn’t happened, as the market had some 372,000 passenger new energy vehicle registrations, an impressive 115% jump year over year !

Illustrating the current trends of the Chinese EV market, in last month’s top 5 we have the small 4-seat Wuling Mini EV on top, followed by two BYDs, followed by the Tesla Model Y and the large Li Xiang One in 5th.This model was something of a shot in a dark for the SGMW joint venture, as until this model launch, city EVs depended heavily on accessing subsidies to be successful, but it has paid off, as the nameplate became an instant success.

Outside the top 5, we have several models shining, with four models scoring record results in the first month of the year. That includes the Chery Ice Cream, a Wuling Mini lookalike, that is in the middle of its ramp-up process. It scored 9,984 registrations last month. How high will the little four-seater go — 20,000 units per month? More?

Looking at the manufacturer ranking, things started this year how they ended the previous, with BYD hovering above everyone else with an amazing 24.9% share. It was followed by a distant SGMW in 2nd with 8.5% share, while the 3rd spot is still pretty much open, with the following results in January: Chery , Tesla , SAIC , and GAC . Expect Tesla to jump ahead thanks to an expected end-of-quarter peak in March.

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