New Energy vehicles (EVs and PHEVs) are now the last engine of growth in China, with sales up 38% year-on-year this month to 169.000 units including 138.000 EVs and 31.000 PHEVs. This brings electrified total sales YTD above 1 million for the first time in history at 1.030.000 units, up 68% on the same period in 2017, that’s 791.000 EVs and 239.000 PHEVs. The selection of models we follow is a little larger as it also includes non-rechargeable hybrids. The set of models with official sales add up to 137.276 (+27%) for November and 835.573 year-to-date. Note this post is using retail sales of both locally-made and imported models.
Thanks to sales surging 115% year-on-year BYD remains the top-selling green carmaker in the country with over 27.000 units and, as we predicted last month, overtakes Toyota as the #1 brand YTD with 148.000 units vs. 139.000 for the Japanese carmaker itself up 49% to just under 15.000 units in third place below BAIC BJEV (-30%) at 15.351. Roewe (+24%) is back above Geely (+111%) while Honda (+56%) outpaces Lexus (+547%) with Dongfeng (+1586%), BMW (+742%) and Zotye (-39%) rounding out the Top 10.
Model-wise, the Toyota Corolla Hybrid (+37%) remains on top but the BAIC BJEV EC-Series (-59%) rallies back up 29 spots to end the month just 150 units below despite a hefty loss on record sales at the same time last year. The BYD Yuan EV, Tang PHEV and e5 follow with explosive gains while the BAIC BJEV EU-series is up 654% to #6 and the Link Tour E-series is up 246% year-on-year and 39 ranks on October to snap a splendid 10th place. The Toyota Levin Hybrid (#7) is the only other foreigner in the Top 13. Notice also the Roewe Ei5 at #12, the NIO ES8 at #15, the Lynk & Co 01 PHEV at #36, the Weltmeister EX5 now just below 1.000 units and the Neta N01 landing at #75.
Full November 2018 Top 61 brands and Top 130 models below.