Plugin vehicles continue to be all the rage in the Chinese auto market. Plugins stayed in the fast lane in July, growing 92% year over year (YoY). They scored over 552,000 registrations last month. Plugin
Plugin vehicles continue to be all the rage in the Chinese auto market. Plugins stayed in the fast lane in July, growing137%
If electrification continues at this pace, this market will be BEV-based by 2025! Imagine that: the largest automotive market in the world being BEV-based in three years time! But enough about BYD — other models also deserve a mention, especially the ones with record scores. As such, there’s the #8 GAC Aion S, with 11,683 registrations; and Hozon’s Neta V, which ended in #10 with a record 10,236 registrations. This was another great month for Hozon, because its other model, the Neta U compact crossover, also scored a record result, 5,781 registrations. It seems its Neta S sedan is landing in a peak period for Hozon. Keep an eye on this startup.
With such an impressive lineup, the Chinese automaker hopes to fight BYD’s current domination model by model. BYD regularly places seven models in the top 20, while Geely is now looking to place at least four to five representatives on the table. Will it get there? As further proof of how ruthless the Chinese EV market is, the leader Wuling Mini EV added 25,000 units YoY to the tally it had in the same period last year, and yet, its market share. In the current market, growing, even if it’s 50% YoY, is not enough. You need to double your output just to keep up with the market average.
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