China Achieves Remarkable Milestone in June 2023 with Over 700,000 Plug-In Car Sales

Car News 1181 Views

China’s electric vehicle (EV) market continues to achieve unprecedented growth, setting a new all-time record in June 2023. According to data from EV Volumes, expertly shared by Jose Pontes, an impressive 713,932 new passenger plug-in electric cars were registered in China during the month, marking a substantial 28 percent year-over-year increase.

The surge in plug-in electric car sales is further highlighted by their share in the total new passenger car market, which reached an impressive 38 percent. This percentage is significantly higher than that of Europe (25 percent) and the United States (estimated over 7 percent).

Notably, China’s share of the global plug-in car market stands at nearly 57 percent, as indicated by recent registration figures. A considerable number of plug-ins sold in China are domestically produced, with the rest of the world often importing cars from China.

In June 2023, all-electric models accounted for a remarkable quarter of the Chinese car market, while plug-in hybrids made up approximately 13 percent.

China Achieves Remarkable Milestone in June 2023 with Over 700,000 Plug-In Car Sales - Car News - 1

June 2023 Results:

  • Battery Electric Vehicles (BEVs): Approximately 470,000 units, with a 25 percent market share.
  • Plug-in Hybrid Electric Vehicles (PHEVs): Approximately 244,000 units, with a 13 percent market share.
  • Total Plug-in Car Sales: 713,932 units, representing a 28 percent year-over-year increase, and a 38 percent market share.

As of June 2023, China has registered over 3.2 million new plug-in electric cars this year, marking a 38 percent year-over-year surge, accounting for about 35 percent of the total volume.

Year-to-date Results:

  • BEVs: Approximately 2.2 million units, with a 24 percent market share.
  • PHEVs: Approximately 1.0 million units, with an 11 percent market share.
  • Total Plug-in Car Sales: 3,262,831 units, representing a 38 percent year-over-year increase, and a 35 percent market share.

For reference, in 2022, China registered over 5.92 million new passenger plug-in electric cars, accounting for 30 percent of the total volume.

During June 2023, four out of the top five best-selling cars in China were plug-in electric models. The Tesla Model Y led the pack, followed by the BYD Song, Qin, and Yuan. The Nissan Sylphy, the most popular internal combustion engine model, secured the fifth position.

Top 10 Plug-ins for June 2023:

  1. Tesla Model Y: 51,471 units
  2. BYD Song Plus (2,203 BEVs + 41,085 PHEVs): 43,288 units
  3. BYD Qin Plus (11,420 BEVs + 30,666 PHEVs): 42,086 units
  4. BYD Yuan Plus (aka Atto 3) BEV: 30,012 units
  5. BYD Dolphin: 26,408 units
  6. BYD Han (11,033 BEVs + 12,173 PHEVs): 23,206 units
  7. Tesla Model 3: 22,741 units
  8. GAC Aion S: 22,487 units
  9. GAC Aion Y: 20,583 units
  10. Wuling Bingo: 19,740 units

Despite the Tesla Model Y’s remarkable performance in June, BYD’s Song and Qin families dominated the first half of the year. The Model Y secured the third spot, followed by BYD’s Yuan and Dolphin models.

BYD remains the most popular brand and automotive group in China, with an impressive 35.3 percent market share in the plug-in segment during January-June. The company, including its Denza brand, accounts for a significant 37.0 percent of the plug-in segment. Tesla and GAC Aion follow with 9.1 percent and 6.5 percent market shares, respectively, among brands.

China’s incredible achievements in the plug-in car market reflect the country’s commitment to sustainable mobility and position it as a global leader in electric vehicle adoption.