China Electric Car Market Reaches 26% Plugin Market Share In March

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ICE IS MELTING — China Edition Plugin vehicles are all the rage in the Chinese auto market. Even with Covid-related lockdowns happening in some major cities, plugins scored 458,000 registrations, up 118% year over year

, which allowed it to land in 7th in the overall ranking. Looking at the quarterly average, which is the most correct way to look at Tesla’s performances, the Model 3 had a 11,110 registrations/month last quarter, which is not only significantly down from the Q1 ’21 average of 17,620 units/month, but also below the Q4 2021 average of 13,001 units/month.

But enough about BYD — Changan’s on a roll as well. Not only was it the best selling Chinese automaker in the overall market last month, ending the month in 4th, but it was ahead of #5 BYD and #6 Geely, and only behind theVolkswagen, Toyota, and Honda. It also celebrated a record score of its small Benni EV , allowing it to be 8th in the plugin table.

Pick up a cooperation agreement with a mildly successful EV startup, in this case Seres. That helps them avoid strategic resistance that a more successful EV startup would haveUse an existing model of the startup partner and develop it with the tech giant’s unique skills, in order to create a heavily evolved and feature-rich new model;

So, if Apple was to use the same strategy as Huawei, I guess Lucid would be an interesting partner to work with. It is only mildly successful, has a decent basis for Apple to develop its own thing on, and has under-used production facilities. … Rivian could also be a candidate, but I don’t see Apple developing a product based on the current Rivian vehicles.

The second half of the table also had significant changes, with the XPeng P7 climbing two positions, to #15, and the GAC Aion Y jumping to #16, surpassing its Aion S sibling and becoming the maker new best seller in the table.

 

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