In May, #1 BYD, now deep into pricing out the ICE competitiondidn’t disappoint. It scored some 314,000 registrations, its second best result ever, only behind last December’s score. Expect its sales to continue steadily rising throughout the year.
The second half of the table saw a surprising NIO perform a record result, getting 20,710 registrations, much thanks to the good results of the ES6 SUV and the ET5 sedan/station wagon and #22 NIO , looking dangerously close, we could see both US brands being kicked out of the table in exchange for the two Chinese startups, which would elevate the number of Chinese brands in the top 20 to, #1 BYD gained share thanks to its recent price cuts, going from 20.8% to its current 22.
The multinational conglomerate needs to react fast — its cheap EVs need to land as soon as possible, and in significant volumes . This year, Stellantis not only lost touch with the top 5 OEMs, but it is at risk of being swallowed by the competition. , Tesla remained in the lead with 17.2%, but it has lost 4% share compared to the same period last year. With this, the US make is still ahead of BYD . With Tesla losing share at a rapid pace, though, we might see BYD surpass it around Q4.lineup of brands. It gained more of an advantage over #4 SAIC , allowing it to keep the bronze medal.
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