In order to be among the top five in the global high-end electric vehicle market, monthly sales of over 10,000 are necessary, whether it is for traditional automakers, Chinese electric vehicle start-ups, or even Tesla’s models.
In February this year, the rapid growth of the global electric vehicle market continued, with sales soaring by 99% year-on-year to 541,000 units, accounting for 9.3% of the global auto market, almost double the share of the same period last year.
On the global Top 20 electric car list in February, the top two were rarely included in Tesla's pockets. Model Y topped the list with more than 45,000 registrations, and Model 3 registered more than 30,000 vehicles. The volume ranked second, and Wuling Hongguang MINI EV temporarily ranked third.
BYD's super-strong fleet almost occupied the subsequent 4th to 9th places, interspersed with only one model from traditional car companies: Hyundai Ioniq 5, which also made it the best-selling electric model among traditional car companies in February. . In the BYD fleet, there are several vehicles worth mentioning. Among them, the sales volume of BYD Song PHEV is a record high, which shows that the delivery volume of this vehicle is still rising; BYD Tang PHEV also set a new record with the sales volume of 10,032 units. It beat BYD Han and Lili ONE to become the best-selling full-size electric car.
It can be seen from the above that in order to rank among the top five in the global high-end electric vehicle market, monthly sales of more than 10,000 are necessary, whether it is for traditional car company models, or Chinese electric vehicle start-ups or even Tesla models. .
However, BYD not only competes in the high-end electric vehicle market, but also has a layout in the low-end market. BYD Dolphin is currently the undisputed leader in the low-end electric vehicle field, and this car is also the only one among the top 20 electric vehicles in the world in February Minicar.
In the second half of the list, we can see that electric models from traditional car companies are starting to take off. The most eye-catching one is the Kia EV6, which ranked 16th. The sales volume of this car in February was 5,460 units. With the aforementioned Hyundai Ioniq 5, it looks like production of electric vehicles on the Hyundai-Kia E-GMP platform is in full swing. The Toyota RAV4 PHEV is back on the list, currently at No. 15, as are the Kia Niro and Nissan Leaf. Also worth mentioning is the Ford Mustang Mach-E, which made the list despite Ford's current capacity constraints.
In addition to the top 20, the Fiat 500e also performed well, becoming the fourth best-selling urban electric car in the world with sales of 4,133 units; BYD Yuan Plus sold 4,517 units in the second month of its launch, and it is expected that this car will also rank among the top in the future. 20.
In February this year, BYD's strong performance ushered in a new chapter, with sales of nearly 88,000 units still topping the list. However, BYD's lead over Tesla has begun to shrink, and the gap is currently less than 10,000 vehicles. Given that Tesla usually has a peak delivery period at the end of the quarter, it is expected that the competition between BYD and Tesla will be very strong in March. Intense, both brands are expected to sell more than 100,000 vehicles in March.
Outside of the top two, the dominance of Chinese auto brands in the global electric vehicle market has weakened compared to January, which also gave other brands a chance, such as Hyundai and Kia, which climbed to 7th and 9th, respectively Thanks to the electric models under the Hyundai-Kia E-GMP platform; Peugeot also rose to 16th place, and Ford and Toyota also returned to the list with sales of the Mustang Mach-E and RAV4 PHEV, respectively.
Among Chinese auto brands, Geely is worth mentioning, ranking 15th among the top 20, and is expected to become an important automaker in the electric vehicle industry in the future.
In terms of auto groups, leader BYD's market share increased from January to 15.8% from 15.5%; Tesla's market share fell from 12.8% a year ago to 11.4%, ranking No. Second; SAIC ranked third, with a market share of 8.5%, down 0.3 percentage points from January.
The Volkswagen Group, whose market share fell to 8.3 percent from 8.5 percent in January, is now trying to overtake SAIC next month. In the third tier, the current leader is Geely-Volvo, 1 percentage point ahead of No. 6 Hyundai-Kia; Hyundai-Kia just overtook the Stellantis Group last month, and the latter dropped to No. 7.
