Automakers’ shares of China’s NEV exports in October: BYD leads with 28.3%, Tesla rises to 10.1%
| Ranking | Automaker | NEV Exports | Market Share |
|---|---|---|---|
| 1 | BYD | 164,679 | 28.3% |
| 2 | Chery | 83,843 | 14.4% |
| 3 | Geely | 80,119 | 13.8% |
| 4 | Tesla China | 59,012 | 10.1% |
| 5 | SAIC Passenger Vehicle | 42,030 | 7.2% |
| 6 | Changan | 30,343 | 5.2% |
| 7 | Leapmotor | 21,132 | 3.6% |
| 8 | SAIC-GM-Wuling | 16,866 | 2.9% |
| 9 | Xpeng | 13,326 | 2.3% |
| 10 | GAC Aion | 12,150 | 2.1% |
- BYD exported 164,679 NEVs in October, down 5.5% from September, with its share falling 2.8 percentage points.
- Tesla China’s exports rose 93.3% month-on-month, keeping it in fourth place.
BYD (HKEX: 1211) continued to lead China’s passenger new energy vehicle (NEV) export market in October, though its share declined further, while Tesla China’s share rose above 10%.
BYD exported 164,679 passenger NEVs in October, up 105.6% year-on-year but down 5.5% month-on-month, according to rankings released by the China Passenger Car Association (CPCA) on Tuesday.
BYD’s share fell to 28.3% from 31.1% in September, though it remained well ahead of other automakers. Its cumulative exports in the first 10 months of the year approached 1.47 million vehicles.
Chery (HKEX: 9973) remained second with 83,843 vehicles, up 105.4% year-on-year but down 2.5% month-on-month. Its share fell to 14.4% from 15.3% in September.
Geely Auto (HKEX: 0175) remained third with 80,119 vehicles, up 488.0% year-on-year and 9.9% month-on-month. Its share rose to 13.8% from 13.0%.
The gap in monthly export volumes between Geely and Chery narrowed to 3,724 vehicles from 13,097 in September, leaving their shares just 0.6 percentage points apart.
Tesla‘s (NASDAQ: TSLA) China operations exported 59,012 vehicles in October, up 66.3% year-on-year and 93.3% month-on-month, ending 2 consecutive months of sequential declines.
The US EV maker remained fourth, with its share rising 4.7 percentage points to 10.1% from 5.4% in September.
SAIC Passenger Vehicle remained fifth with 42,030 vehicles, up 616.7% year-on-year and 42.2% month-on-month. Its share rose to 7.2% from 5.3%.
Changan Automobile (SZSE: 000625) remained sixth with 30,343 vehicles, up 218.9% year-on-year and 3.5% month-on-month, maintaining a 5.2% share.
Leapmotor (HKEX: 9863) remained seventh with 21,132 vehicles, up 221.9% year-on-year but down 23.0% month-on-month. Its share fell to 3.6% from 4.9%.
SAIC-GM-Wuling remained eighth with 16,866 vehicles, up 51.4% year-on-year and 2.0% month-on-month, giving it a 2.9% share.
Xpeng (NYSE: XPEV) rose to ninth with 13,326 vehicles, up 166.6% year-on-year and 32.5% month-on-month. Its share increased to 2.3% from 1.8% in September.
GAC Aion returned to the top 10 with 12,150 vehicles, up 538.8% year-on-year and 45.5% month-on-month, giving it a 2.1% share. Dongfeng dropped out of the monthly top 10.
In January-October, BYD exported 1,465,753 NEVs, up 95.3% year-on-year, ranking first with a 32.8% share, down from 33.5% in January-September.
| Ranking | Automaker | NEV Exports | Market Share |
|---|---|---|---|
| 1 | BYD | 1,465,753 | 32.8% |
| 2 | Chery | 611,333 | 13.7% |
| 3 | Geely | 558,923 | 12.5% |
| 4 | Tesla China | 420,984 | 9.4% |
| 5 | SAIC Passenger Vehicle | 246,127 | 5.5% |
| 6 | Leapmotor | 180,704 | 4.0% |
| 7 | Changan | 167,473 | 3.7% |
| 8 | SAIC-GM-Wuling | 126,207 | 2.8% |
| 9 | Dongfeng | 100,287 | 2.2% |
| 10 | GAC Aion | 81,415 | 1.8% |
Chery remained second with 611,333 vehicles, up 164.3% year-on-year, and a 13.7% share. Geely remained third with 558,923 vehicles, up 526.4%, and a 12.5% share.
Tesla China exported 420,984 vehicles during the same period, up 101.3% year-on-year, maintaining fourth place with a 9.4% share.
SAIC Passenger Vehicle ranked fifth with 246,127 vehicles, up 201.2% year-on-year, and a 5.5% share. Leapmotor remained sixth with 180,704 vehicles, up 307.6%, and a 4.0% share.
Changan, SAIC-GM-Wuling, Dongfeng and GAC Aion ranked seventh through tenth, with cumulative exports of 167,473, 126,207, 100,287 and 81,415 vehicles, respectively. Their shares were 3.7%, 2.8%, 2.2% and 1.8%.
China’s passenger NEV exports totaled 582,000 vehicles in October, up 144.7% year-on-year and 3.9% month-on-month, according to the CPCA’s monthly report released yesterday. Cumulative exports in the first 10 months reached 4.47 million vehicles, up 139.7% year-on-year.
In the overall passenger vehicle export market, which includes traditional internal combustion engine vehicles, Chery remained first in October with 196,704 vehicles, up 57.6% year-on-year but down 3.5% month-on-month, giving it a 21.2% share.
| Ranking | Automaker | Exports | Market Share |
|---|---|---|---|
| 1 | Chery | 196,704 | 21.2% |
| 2 | BYD | 164,679 | 17.7% |
| 3 | Geely | 106,632 | 11.5% |
| 4 | SAIC Passenger Vehicle | 88,260 | 9.5% |
| 5 | Tesla China | 59,012 | 6.4% |
| 6 | Changan | 56,996 | 6.1% |
| 7 | GWM | 55,327 | 6.0% |
| 8 | SAIC-GM-Wuling | 37,041 | 4.0% |
| 9 | Leapmotor | 21,132 | 2.3% |
| 10 | Yueda Kia | 13,515 | 1.5% |
BYD ranked second with 164,679 vehicles and a 17.7% share. Its share gap with Chery widened to 3.5 percentage points from 3.2 percentage points in September.
Geely ranked third with 106,632 vehicles, up 156.5% year-on-year and 0.7% month-on-month, giving it an 11.5% share.
SAIC Passenger Vehicle remained fourth with 88,260 vehicles and a 9.5% share. Tesla China rose to fifth from eighth in September, with a 6.4% share.
Changan remained sixth with 56,996 vehicles and a 6.1% share. GWM (HKEX: 2333) fell to seventh with 55,327 vehicles and a 6.0% share.
SAIC-GM-Wuling ranked eighth with 37,041 vehicles and a 4.0% share. Leapmotor and Yueda Kia ranked ninth and tenth, with shares of 2.3% and 1.5%, respectively.
In overall passenger vehicle exports for January-October, Chery remained first with 1,724,187 vehicles, up 63.7% year-on-year, and a 21.7% share.
| Ranking | Automaker | Exports | Market Share |
|---|---|---|---|
| 1 | Chery | 1,724,187 | 21.7% |
| 2 | BYD | 1,465,753 | 18.4% |
| 3 | Geely | 900,597 | 11.3% |
| 4 | SAIC Passenger Vehicle | 708,435 | 8.9% |
| 5 | GWM | 471,653 | 5.9% |
| 6 | Tesla China | 420,984 | 5.3% |
| 7 | Changan | 364,369 | 4.6% |
| 8 | SAIC-GM-Wuling | 287,165 | 3.6% |
| 9 | Leapmotor | 180,704 | 2.3% |
| 10 | Dongfeng | 144,648 | 1.8% |
BYD ranked second with 1,465,753 vehicles and an 18.4% share, while Geely ranked third with 900,597 vehicles and an 11.3% share.
SAIC Passenger Vehicle and GWM ranked fourth and fifth, with shares of 8.9% and 5.9%, respectively. Tesla China remained sixth with a 5.3% share.
Changan, SAIC-GM-Wuling, Leapmotor and Dongfeng ranked seventh through tenth, with shares of 4.6%, 3.6%, 2.3% and 1.8%, respectively.
Xiaomi rose to sixth, while GWM and Xpeng entered the October NEV retail top 10.
