BYD (HKG: 1211, OTCMKTS: BYDDY) maintained its position as China’s largest new energy-vehicle (NEV) maker in April, while Tesla (NASDAQ: TSLA) slipped in the rankings.
BYD had retail sales of 268,778 NEVs in April, up 5.8 percent from 254,131 in the same month last year, according to rankings released today by the China Passenger Car Association (CPCA).
The company continued to be No. 1 in April with a 29.7 percent share, which was up from March’s 29.3 percent, though down from April 2024’s 37.5 percent.
Tesla’s retail sales in China were 28,731 units in April, down 8.6 percent from 31,421 in the same month last year.
The US electric vehicle (EV) maker ranked No. 8 in China’s NEV market in April with a 3.2 percent share, down from a 7.5 percent share in March and down from 4.6 percent a year earlier.
Tesla dropped five spots in China’s NEV market in April compared to its No. 3 ranking in March.
Geely ranked No. 2 with a 13.1 percent share in April with retail sales of 118,813 NEVs, up 141.7 percent from 49,155 a year earlier.
In China, NEVs include plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell vehicles.
BYD and Geely both produce BEVs and PHEVs, while Tesla only produces BEVs.
Li Auto (NASDAQ: LI) ranked No. 6 in China’s NEV market in April with retail sales of 33,939 units and a 3.8 percent share.
Xpeng (NYSE: XPEV) ranked No. 7 in China’s NEV market in April with 31,343 units sold at retail and a 3.5 percent share.
Li Auto makes both extended-range electric vehicles (EREVs) and BEVs, while Xpeng currently has only BEVs, although it will launch EREVs later this year.
Xiaomi EV ranked No. 9 in China’s NEV market in April with retail sales of 28,585 units and a 3.2 percent share.
Leapmotor (HKG: 9863) ranked 10th in China’s NEV market in April with 28,317 units sold at retail and 3.1 percent share.
In January-April, BYD ranked No. 1 in China’s NEV market with retail sales of 964,940 units and 29.0 percent share.
Geely ranked No. 2 in China’s NEV market in January-April with retail sales of 440,592 units and a 13.3 percent share.
Changan Automobile ranked No. 3 in China’s NEV market with 217,182 units sold and 6.5 percent share in January-April.
Tesla ranked No. 5 in China’s NEV market with 163,338 units sold and a 4.9 percent share in January-April.
In the overall passenger car market, which includes traditional internal combustion engine vehicles, BYD was No. 1 in retail sales with a 15.3 percent share.
Geely was No. 2 in April with 209,979 units sold and a 12.0 percent share.
FAW-Volkswagen was No. 3 with 110,506 units sold and 6.3 percent share.
In the January-April period, Model Y retail sales in China stood at 101,873 units, down 19.61 percent year-on-year.
