China's Best-selling Car Still Controlled By BYD, Second VW, And Third Toyota
JAKARTA - China's auto market continued to show strong performance in August 2023 with sales of 1,920 million new cars, according to a China Passenger Car Association (CPCA) report, reported by Carnewschina, September 9.
This figure shows an increase of 2.5% compared to the previous month, showing the resilience and growth of the automotive industry in China today.
Interestingly, significant sales are in the new energy vehicle (NEV) sector, with 491,000 electric vehicles (EVs) and 225,000 plug-in hybrid electric vehicles (PHEVs). NEV accounts for 37.3% of total vehicle sales, confirming the importance of this segment in today's market.
While in terms of market dominance, BYD emerged as the best automotive brand in China during August, achieving outstanding sales. BYD sold 230,077 vehicles, with an impressive market share of 11,98%.
Volkswagen remains in second place as the second best-selling brand in China, with total sales reaching 195,548 cars or controlling a market share of 10.18%. Toyota took third place, selling 155,491 vehicles, or having a market share of 8.10%.
Honda closely followed in fourth place, with sales of 102,105 vehicles, or a market share of 5.32%.
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Tesla is in 7th position with sales of 64,694 vehicles or controlling 3.37 percent of the market. But Tesla's position is an extraordinary success by Elon Musk's company as it rose by 122% year-on-year in Tesla's sales in China in August, further strengthening its position as an important player in China's EV market.
Previously, Tesla had implemented a change in its delivery strategy in the Chinese market. Unlike the previous year, when Tesla usually made large-scale shipments at the end of every quarter, Tesla made this shipment in August.
To note, specifically for the pure electric vehicle market in China during August, Tesla took second place or controlled the market share of 13.18% while BYD remained above it by successfully selling 123.712 electric vehicles and securing a market share of 25.20%.