BYD EV Yuan became a bestseller July

23 August 2018

The Chinese market for electric and hybrid cars rose in July by only 64%

The Chinese NEV market (electric vehicles, rechargeable hybrids and electric vehicles fuel cell) is in the idle summer, in July, was about 75 000 units of such vehicles, that was "only" a +64% compared to the same month last year. This slowdown of growth rate against three-digit numbers (i.e. fold increase) in the previous months due to the fact that in June, state subsidies for NEV was limited to only models with a power reserve of at least 150 km. because Of this sales of most urban subcompact electric vehicle is almost stopped, respectively, significantly reducing the percentage of sales.

As a consequence, the share of NEV on the market, far behind the record may figure of 5%. So, July ended with a share of 3.9%, while the share of NEV for seven months of 2018 rose slightly, to 3%, which, of course, much higher 2.1 per cent over the same month in 2017, but in accordance with the annual forecast that the share of NEV in 2018 will be over 4%, and in December, may reach 7%.

Last month, Chinese OEM manufacturers have put almost 50% of all PEV registered worldwide – impressive number that should only grow over the 2018.

When purely symbolic export of China's domestic market remains more than sufficient to absorb the volumes of this production, aided by the fact that he remains under the protection of the state, and foreign OEMs still seriously considering this niche, however, the introduction in the near future, quotas on the sales of NEV will force foreign brands to make efforts to achieve classes 7% of the segment. This still relatively small pie of about 3% is owned by Tesla, 2% BMW, and other manufacturers will share the last 2%.

In July, the main newsmaker was the BYD electric car EV Yuan, published in "Bestsellers July," after only the second month on the market. So whether BYD killer of the previous bestseller BAIC EC-Series?

Top 5 models in July:



  1) Yuan BYD EV from the very beginning it was clear that the new "baby crossover" from BYD was destined for success, but said little for the fact that he will become the second leader is already on its second month on the market, 4174 points of sales, including BAIC EC-Series, which is to achieve first place took three months. Will this model "Bestseller 2019" depends mainly on the ability(or willingness) of BYD to produce it in sufficient volume, respectively, actual demand, soaring on the waves of the two fastest growing segments: compact crossovers and electric vehicles, combining the most progressive for today characteristics (battery capacity 42 kWh, a range of 305 km on the NEDC, motor power: 128 kW) with an affordable price of $25 000. Perhaps BYD has finally found his superstar, bestowing her already strong model lineup.



  2) BYD Qin PHEV – in just a few weeks before the debut of the second generation hybrid sedan Qin (Qing), the first generation has slowed down a bit, but still showed 4068 units by the Way, BYD Model 3 was the 11th time in a row with the implementation of the 3-4 thousand per month. The sale of this sports sedan BYD is still strong and likely will remain at the same level until the new-generation model. But the new generation, if you will show stable sales above 5,000 units per month, may become a "bestseller No. 2" brand BYD.



3) JAC iEV S/E – firm JAC was one of the pioneers of the production of electric vehicles in China, selling them since 2010, and is now back in the game with registration 3853 units last month. With competitive price of $26 000 without benefits targeted at young urban residents who can't buy the Song or electrocreaser BYD Roewe eRX5, this cute compact electric vehicle dimensions the Kia Soul, with a fairly powerful engine (84 kW) and power reserve (251 km) looks quite konkurentosposobnoi.



 4) Roewe Ei6 is a mid – size hybrid sedan, popular among private buyers sold in July in the amount of 3783 units, the second consecutive month, coming in Top 5. Such important properties as the design and build quality compensate for relatively average characteristics (battery capacity of just 9 kWh) and the high price of ¥202 000, which is ¥20,000 more than the BYD Qin.



5) Chery eQ – brand Chery was one of the earliest Chinese manufacturers are betting on electric vehicles at an early stage of their development, taking three consecutive titles "EV bestseller" in 2011, 2012, 2013, with his tiny electric car EVQ QQ3. Now the manufacturer is trying to get back on top of the ranking with eQ – a direct descendant of the model QQ3, with registrations 3665 units. in July, which allowed him to be in the Top 5 models NEV. The electric car offered by urban residents for $24,000 to incentives, are equipped with a battery capacity of 22 kWh, providing sufficient power reserve, 200 km in the NEDC that completely covers the needs of the residents of the urban jungle.

for 7 months 2018



In the upper positions of the rating changes were few and just starting in the 9th position of three models (BAIC EX-Series eQ Chery and Geely Emgrand EV) simultaneously rose by one position at the expense of minimodel Zhidou D2 EV, which now went into a steep dive, due to the elimination of subsidies.

Another victim of the elimination of subsidies for BEV with a short reserve, was a tiny Baojun E100, down two positions to 15 rooms, which Roewe Ei5 came on 13-th position, and Hawtai EV160 – on the 14th.

Two other models have risen in the rankings – E200 Zotye became 16-m and Tesla Model X – 18.



Electrocreaser BYD Tang entered the Top 20 thanks to the new generation, which last month showed 3551 units, which was the best result of the model for 31 months. It can be expected that this mid-size electrocreaser to the end of the year will rise another few notches.

Finally, electrocreaser Yuan BYD EV, despite the fact that is on the market only in the second month, already took 22nd place in the ranking of 2018, and should soon be in the Top 20. This subcompact electrocreaser follows in the footsteps of BAIC EC-series, the question is whether BYD to reach the level of production of over 10,000 units per month, which its competitor BAIC has already surpassed.

In the rating of producers of BYD with a market share of 19% received a comfortable lead at the expense of Yuan EV, while the runners-up of the BAIC (14% and minus 2%) lost position due to the failure of sales of the EC series and EX series and EU was unable to fully compensate for this decline.

In third place is Shanghai Roewe (share 11% from minus 1%), who took bronze, but with a significant advantage over new No. 4 – Chery (6%), and BAIC were now only 3% higher. By the way, the SAIC Group now confidently pulled up to "silver".

Considering SAIC Group (Roewe + MG + Maxus + Baojun) together – she already holds 14% of China's NEV market, and in the future may well become a leader among OEMs.



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