The Chinese auto market experienced the sale of 1.894 million new cars in June 2023, according to the data released by the China Passenger Car Association (CPCA). This figure represents an 8% increase compared to May 2023 but a 2% decrease from June 2022. Among the total sales, 448,000 vehicles were electric vehicles (EVs), while 217,000 were plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs). NEVs accounted for 35% of the overall sales.
Regarding market share, BYD emerged as the top-selling auto brand in China, selling 220,600 vehicles and capturing an 11.65% market share. Volkswagen secured the second position, selling 192,070 cars and holding a market share of 10.14%. Toyota claimed the third spot with 157,140 cars sold, accounting for an 8.30% market share. Honda followed closely in fourth place, selling 112,867 vehicles and possessing a market share of 5.96%. Changan rounded out the top five, selling 85,248 cars and holding a market share of 4.50%.
Among them, Tesla carried out large-scale deliveries at the end of the quarter, which made Tesla’s sales rise to sixth place in the Chinese market.
Within the Chinese NEVs market, BYD established a strong presence in both the EV and PHEV segments.
BYD maintained its leadership position in the pure EV market, selling 110,219 vehicles and holding a substantial 24.60% market share. Tesla ranked second with 74,212 cars sold, accounting for a market share of 16.57%. GAC Aion secured the third position with 45,013 vehicles sold, capturing a market share of 10.05%. Wuling and Changan took the fourth and fifth spots as the best-selling pure electric brands.
Analyzing the most popular models in the Chinese market, the top three vehicles were the Tesla Model Y, with 51,471 cars sold, the BYD Qin Plus, with 38,197 units sold, and the Nissan Sylphy, with 31,054 vehicles sold. These models showcased strong sales performance and consumer demand in the market.