Recently, data released by "cinno research" shows that In Q1, the wholesale sales volume of passenger cars in the Chinese market increased by 8.6% year-on-year to 5.44 million Among them, the wholesale sales volume of new energy passenger vehicles was 1.19 million, a year-on-year increase of 155%, and the share increased to 21.9%. It increased by about 13 percentage points year-on-year and 2 percentage points month on month respectively, reaching new highs and showing an unprecedented rapid growth trend.
In the first quarter of 2022, new energy passenger vehicles in the Chinese market continued to strengthen, with a share of more than 80%. From the top 10 list of brands:**
Due to the diversified development of domestic new energy passenger vehicles, independent brands occupy seven seats. BYD, which develops both pure electric and oil electric hybrid, has consolidated its position as the champion of independent brand new energy. Tesla and Wuling Automobile rank second and third respectively, and the new forces of car making Xiaopeng, Euler and ideal are on the list.
With the increase of production capacity, BYD's new energy sales rose month after month. By the end of the first quarter, BYD had occupied the crown of Wuling Automobile's new energy sales, with a sales volume of 285000 vehicles, a significant increase of 430% year-on-year and 8% month on month.
Among the high-end new energy brands, Tesla is still the undisputed king. In the first quarter, the sales volume of new energy reached 182000. Tesla Model y under its brand continued to sit on the throne of new energy SUV with the sales volume of 105000, and Tesla Model 3 for cars followed model y with the drop of 29000.
Relying on the hot sales of Wuling Hongguang Mini EV, Wuling won the third place of new energy brand with the sales volume of 107000 vehicles, with a year-on-year increase of 10% and a month on month decrease of 24% However, there is still a big gap between Hongguang Mini EV and BYD in terms of sales volume and bicycle price
The automobile enterprises ranking fourth to tenth are Chery, GAC, Volkswagen, Xiaopeng, Euler, ideal, Toyota and other brands; Overall, in the domestic new energy vehicle market, domestic independent brands occupy a significant market share, and the gap between joint venture brands has been widened.