According to terminal sales data from the Gesi Automotive Research Institute, in April 2024, BYD Automobile continued to lead the market in the top 10 sales rankings of Chinese passenger car companies, with monthly sales exceeding 230,000 vehicles, and new energy accounting for as high as 100%, demonstrating its leading position and strong market competitiveness in the field of new energy vehicles.
For FAW-Volkswagen ranked second, fuel vehicles are still the main driving force for its sales growth, with new energy accounting for only 5.9%. In addition, SAIC Volkswagen, FAW Toyota and other car companies account for a relatively low proportion of new energy sales.
However, this does not mean that these car companies are not competitive in the new energy vehicle market.
On the contrary, they are actively seeking transformation, increasing investment in new energy technology research and development and marketing, and striving to occupy a favorable position in the future market structure.
, Geely Automobile ranked third with sales of 94,806 vehicles, forming the second echelon in the market together with Changan Automobile and Chery Automobile.
While maintaining the competitiveness of the traditional fuel vehicle market, these independent car companies are also actively deploying in the field of new energy vehicles.
Currently, new energy sales account for about 30%.
Overall, China’s passenger car market is ushering in a period of rapid development of new energy vehicles.
Car companies need to keep up with market trends and increase research and development and investment in new energy vehicles to meet the growing demand of consumers.
(To learn more about terminals and forecast sales, please check out Gaia Systems), return to the home page of First Electric Network>,.
