20% Plugin Vehicle Market Share in China! BYD Shining

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Plugin vehicles are all the rage in the Chinese auto market. Even in the slowest month of the year, plugins scored 291,000 registrations, up 176% year over year (YoY). This pulls the year-to-date (YTD) tally to

Plugin vehicles are all the rage in the Chinese auto market. Even in the slowest month of the year, plugins scored 291,000 registrations, upThis pulls the year-to-date tally to over 665,000 units, and with March set to be another strong month , we should have over 1 million registrations by the end of Q1.

Here’s more info and commentary on February’s top selling models, this time extending to 7th so that we can have a better look at BYD’s star players:last month, the tiny four-seater won another best seller title, but considering past performances, it’s kind of ascore. It seems the new, direct competition, like the Chery QQ Ice Cream, has started to make a dent on the little EV. Still, with this kind of scale, it is natural that the joint venture is turning a profit on its star EV .

But enough about BYD and Tesla. Outside the top 20, we should highlight Geely’s Zeekr brand, with the high-end 001 model scoring 2,916 registrations. That’s a prelude of a likely bright future for the newborn brand. Below the podium, the BYD Tang PHEV has jumped four positions, to 8th, thus making it five BYDs in the top 8 positions. Hozon’s Neta V climbed one position, to #15, and the Volkswagen ID.4 was also up one position, to #19.

 

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How many Plugins are China expecting to sell this year?

Hopefully it’ll be 40% this month.

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