In the last stage of the 2023 race, BYD had another record month, this time with 321,000 registrations. It again beat Tesla, which had 195,265 deliveries., the SGMW joint venture was 3rd in the last month of the year, thanks to a record 69,912 registrations. Three models contributed decisively to this performance. Interestingly, all came from the Wuling side, while the more premium and less utilitarian Baojun sub-brand seems to be slowing down.
And finally, in #20, we have Chery. Thanks to the good results of the QQ Ice Cream , Chery has managed to join the table this month.— which is also at this moment Stellantis’ best selling brand. It got 17,723 registrations, a new record for the brand. Much of this had to do with the continued success of the Wrangler PHEV and Grand Cherokee PHEV, so expect Jeep to remain a strong candidate for some top 20 appearances in 2023.
On to Tesla. With its market share slowly eroding , it could possibly stabilize around 10% in the future. The US automaker will need to diversify its lineup if it ever wants to have a shot again at #1. Expect the future platform for cheaper, compact vehicles to offer the volume and diversity needed to return to the leadership position.
Speaking of startups, NIO was also one of the brands to climb in the last month of the year, benefitting from Toyota’s slow month. The Chinese make was able to end the year in #16, a five-position jump over its final standing in 2022. Having said that, with no fresh metal in 2024, it will be difficult for the startup to keep that spot, especially considering that the brand hasn’t exactly been successful in export markets…. For reference, its biggest export market was Germany, with 1,250 sales.
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Source: cleantechnica - 🏆 565. / 51 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »