last month, BYD’s current star player in export markets is also not neglecting its sales in the domestic market, allowing it to be 5th in the overall auto market. Will the compact crossover continue to grow, both internally and overseas? Outside China, the answer is a resounding “YES,” with the compact EV just starting its career in several markets and still to land in many more. The answer in its home market is …”.
Further below in the table, a highlight was #14, the Li Xiang L7 — the startup’s new full-size 5-seat SUV . The new model had another record month . It seems the hot startup brand has another winner on its hands. The cheapest model in the startup lineup should continue to improve its standing in the near future, with the startup make setting a bullish sales target of 400,000 units this year. All of that with full-size EVs….
Speaking of BYD, both the Seal and the Destroyer 05 reached the top 20, a positive sign, complemented by Denza’s continued ramp-up of its D9 large MPV . Looking at the 2023 ranking, the leading BYD Song is well above the competition, while the Tesla Model Y has not resisted the strong sales of the BYD Qin Plus, with the Chinese sedan pushing the US crossover to 3rd.
Until the refreshed Model 3 shows up, do not expect great improvements in the Model 3’s positioning in China, but after the refresh, the sporty sedan can go after the #7 GAC Aion S, and probably even higher than that, with the big question mark then being: Will theIn the second half of the table, there isn’t much to talk about, with the highlights being the BYD Frigate 07, which climbed to #14, and the Wuling Bingo showing up in #17. The small EV hopes to reach higher standings soon.
Finally, the big news of this month is the rise of Li Auto to the 5th spot, switching places with Changan . This three-year-old startup is already reaching significant sales levels and will surely become a force to be reckoned with in the future.