January 2023 was quite a challenging month for car sales in China, as the total number of registrations decreased by more than 30 percent to around 1.3 million units .data, shared by Jose Pontes, some 343,691 new passenger plug-in electric cars were registered in China in January, which also is a negative result . However, plug-ins increased their market share to 26 percent. That's not a bad result, considering that EV subsidies ended.
Only time will tell whether the Chinese plug-in market will continue to weaken or if price reductions, applied by many manufacturers, will attract more customers.Total: 343,691 and 26% shareFor reference,Total: 5,924,421 and 30% sharenoted a very strong start to the year in China, with three models at the top of the plug-in car list and a total of six in the top 10.
The number one in China is the BYD Song Plus . Then, there are the all-electric BYD Yuan Plus and BYD Dolphin. The Tesla Model Y and Tesla Model 3 were respectively #5 and #6, with some distance to the tiny Wuling Hong Guang MINI EV. The two Teslas were the only non-Chinese models in the top 20, as even the Volkswagen ID.4 failed to compete with the tsunami of local EVs.Wuling Hong Guang MINI EV: 16,416Li Xiand L9 : 7,996BYD's advantage over other brands and manufacturers is staggering in China. The company exceeded 40 percent market share. Tesla is the best of the rest with a 7.8 percent share.
The February numbers are already out.