The China Association of Automobile Manufacturers (CAAM) released an overview of the new energy vehicle market in June. As expected, Tesla remains the leader in the entire new energy vehicle market.
Tesla
- Deliveries in June: 15,000
- Tesla’s market share in the pure electric vehicle market in June was 23%.
- Total deliveries for Q2: 31,000, accounting for one-third of global sales.
Tesla’s Q2 data:
- Total production: 82,272
- Model S / X: 6,326 vehicles (7.7%)
- Model 3 / Y: 75,946 vehicles (92.3%)
- Total deliveries: 90,650
- Model S / X: 10,600 vehicles (11.7%)
- Model 3 / Y: 80,050 vehicles (88.3%)
Compared with Q1, production in Q2 decreased by about 20% due to the severe impact of the epidemic. The Fremont factory was closed for most of the time.
Tesla has successfully restored production to previous levels, and despite the severe impact of the epidemic, deliveries still exceeded the previous quarter’s 88,400 vehicles.
NIO
The domestic new power startup NIO performed well. NIO delivered 3,740 new cars in June 2020, an increase of 179.1% year-on-year, creating a record for the highest monthly delivery volume since its delivery.
Market
CAAM expects that the new energy vehicle market in June will still grow negatively year-on-year, but the average monthly growth rate for the second half of July will remain positive.
Meanwhile, the trend towards high-end electric vehicles became obvious in June, and the number of A-class and below electric vehicles decreased by 56% year-on-year, while the number of B-class and above electric vehicles increased by 8 times year-on-year.
Detailed data:
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In June, wholesale sales of new energy passenger cars were 85,600, a decrease of 34.9% year-on-year, an increase of 20.1% month-on-month.
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Plug-in hybrid: 17,700 vehicles, a year-on-year decrease of 11%.
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Pure electric: 67,000 vehicles, a year-on-year decrease of 40%.
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In June, wholesale sales of ordinary hybrid passenger cars reached 30,000, an increase of 50% year-on-year.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.