• 03.09.2024

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China’s New Energy Vehicle Market Report 2023: Sales, Trends & Analysis

Jan 9, 2024

Thanks to the netizens of IT Home, Xichuang Old Story and Huashan Wu Yanzu for their clues! IT Home reported on January 9th that the China Association of Automobile Manufacturers (CAAM) today released the analysis report on the national passenger vehicle market in December 2023. The domestic retail sales of new energy passenger vehicles in December 2023 reached 945,000 units, an increase of 47.3% year-on-year. The domestic retail sales of new energy passenger vehicles in 2023 reached 7.736 million units, an increase of 36.2% compared to 2022.

China's New Energy Vehicle Market Report 2023: Sales, Trends & Analysis

China's New Energy Vehicle Market Report 2023: Sales, Trends & Analysis

In December, there were 30 models of passenger cars with wholesale sales of over 20,000 units, with new energy vehicles ranking in the top 6 in overall passenger car sales, with a clear advantage: BYD Song: 84,039 units Model Y: 62,158 units Hongguang MINI: 50,561 units Seagull: 50,525 units Wuling Binguo: 48,979 units BYD Qin: 46,394 units Lavida: 42,203 units BYD Yuan: 41,681 units BYD Dolphin: 36,514 units Sylphy: 33,329 units MG ZS: 32,019 units Model 3: 31,981 units Tiggo 8: 27,107 units Wenjie M7: 25,546 units RAV4: 25,154 units Haval H6: 25,138 units MG 5 series: 24,297 units Camry: 24,251 units EA Y: 24,018 units Passat: 23,923 units CR-V: 23,915 units Magotan: 23,676 units Fenglan Da: 22,616 units Ruifeng: 22,542 units Tiguan: 21,868 units BYD Han: 20,902 units Sagitar: 20,590 units Audi Q5: 20,500 units Ideal L7: 20,428 units BYD Seal: 20,093 units In December 2023, the overall trend of new energy passenger car enterprises was strong, with 21 companies reaching wholesale sales of over 10,000 units, accounting for 92.8% of the total new energy passenger car sales. BYD 340,178 vehicles SAIC-GM-Wuling 117,533 vehicles Tesla China 94,139 vehicles Geely Auto 60,447 vehicles Ideal Auto 50,353 vehicles Changan Auto 47,330 vehicles GAC Aion 45,947 vehicles Seres 36,270 vehicles SAIC Passenger Cars 35,024 vehicles Great Wall Motors 29,816 vehicles Chery Auto 20,887 vehicles SAIC Volkswagen 20,588 vehicles Xpeng Motors 20,107 vehicles SAIC-GM 18,911 vehicles Leapmotor 18,618 vehicles NIO 18,012 vehicles BAIC Passenger Cars 12,811 vehicles Huachen BMW 10,519 vehicles Zhiji Auto 10,412 vehicles Lantu Auto 10,017 vehicles GAC Trumpchi 10,013 vehicles In 2023, 3.83 million passenger cars were exported from January to December, a year-on-year increase of 62%. In December, new energy vehicles accounted for 26.6% of the total export volume. With the increase in export capacity, independent brand exports reached 331,000 vehicles in December, an increase of 45% year-on-year and 3% month-on-month; joint venture and luxury brand exports reached 54,000 vehicles, an increase of 81% year-on-year. In 2023, the national passenger car companies’ export performance was excellent, including: Chery Automobile 923,931 vehicles SAIC Passenger Car 685,018 vehicles Tesla China 344,078 vehicles Geely Automobile 274,101 vehicles Great Wall Motors 267,756 vehicles BYD Auto 242,765 vehicles Changan Automobile 198,578 vehicles SAIC-GM Wuling 210,718 vehicles SAIC 100,006 vehicles Jiangsu Yueda Kia 86,899 vehicles JAC Motors 85,425 vehicles GAC Trumpchi 54,798 vehicles Yiqi Te 53,528 vehicles Jiangling Ford 43,261 vehicles Dongfeng Liuzhou Motors 28,904 vehicles Zhidou Auto 24,732 vehicles Changan Ford 24,636 vehicles FAW Pentium 23,719 vehicles Hainan Haima 23,280 vehicles SAIC Maxus 21,318 vehicles From the perspective of vehicle models, the sales of top passenger cars in 2023 further increased, with the annual sales of the top 15 models increasing by 1.52 million compared to the previous year, contributing to 65% of the total increase. Model Y: 646,845 BYD Song: 640,565 BYD Qin: 482,145 BYD Yuan: 428,580 Xuanyi: 373,591 BYD Dolphin: 367,419 Langyi: 351,931 Model 3: 300,897 Seagull: 280,217 Sagitar: 280,028 Haval H6: 273,274 Changan CS75: 253,611 MG ZS: 251,346 Tiggo 7: 236,519 Wuling Bingguo: 233,735 Ad statement: The article contains external jump links for more information, saving selection time, and results are for reference only. All articles on IT Home include this statement.