Almost 95,000 Plug-In Electric Cars Were Sold In China Last Month

JUN 21 2018 BY MARK KANE 13

The plug-in car market in China is booming.

In May, nearly 95,000 New Energy Cars were sold at a record 5% market share.

The rate of growth year-over-year was high 128% and a new monthly all-time record is expected soon (the current record was set at 102,000 in December 2017).

So far this year, nearly 295,000 plug-in electric cars were sold in China, compared to less than 100,000 in the U.S.

Only around 7% of total sales come from foreign manufacturers.

Plug-in electric car sales in China – May 2018

The top five models for the month were: BAIC EC-Series (12,624), BYD Qin PHEV (4,496), SAIC Baojun E100 (4,310), Zhidou D2 EV (4,262) and BAIC EX-Series (4,034).

The biggest supplier of plug-ins in China is BAIC, which not only sold 12,625 EC-Series, but also 4,034 EX-Series (a two-year-old crossover BEV, which now is offered with a higher capacity 48 kWh battery for $28,500 before incentives).

The SAIC Baojun E100 is getting a bigger battery and more range mainly because the Chinese government is now subsidizing BEV models with higher range.

In such circumstances, BYD is losing some market share, but that could change as new models enter the pipeline.

Plug-in electric car sales in China – May 2018 (Source: EV Sales Blog)

Source: EV Sales Blog

Categories: China, Sales

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13 Comments on "Almost 95,000 Plug-In Electric Cars Were Sold In China Last Month"

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Another Euro point of view

I note that the sole real mass market EV is available in only one country.

From article: “So far this year, nearly 295,000 plug-in electric cars were sold in China, compared to less than 100,000 in the U.S.”
————-

That means more plug-in electric cars were sold in USA than in China per capita.

Yeah, but more cars were sold in the USA per capita than in China. China has a higher percentage of cars being sold with plugs than in the US.

China has 5 mass transit systems that are in the world’s top 10. Add their ridership and you get 15 billion Metro rides a year.

They don’t have as high a car ownership because they have a more evolved urban infrastructure. So, comparing per capita sales is meaningless. Look at the market share. EV market share in China is higher.

From article: “Only around 7% of total sales come from foreign manufacturers.”
————

Car import tax into China: 25%

Car imort tax into U.S.A.: 2.5%

Light truck, including 2 door SUVs, import tax into USA: 25% (NAFTA excepted)

There is no EV model on the market in China that can compete with the BAIC EC-Series.

Do other car manufacturers in China have some EV model (that is coming soon to the market) that probably could compete with the BAIC EC-Series?

Several ones. Looking only to the top 20, you have the JMC E200, hawtai ev160, and the Chery models, as cheap 4 seater city EVs.

Add smaller two seater EVs and in the Top20 there’s also the Zhidou, the SAIC E100, and zotye E200.

Will the sales numbers of these other Chinese EV models be anywhere near 100,000 in 2018?

It will be interesting to see if more than 3 models hit 100k in 2018 globally.

I doubt that, but i believe that the current BYD Qin, added with the future generation Qin, to land in the second half of the year, could get close.

Also, the SAIC Baojun E100 has the potential to go beyond 10,000 units/month, in the second half of the year, so it could end the year with over 70k deliveries.

How will the situation in China be in 2019?

Chery and JMC …. what about Pord, Yoyota and Missan?