EVs dominate China’s car market with 65.1% of July sales

Industry
โดย CNBC·CN·Read original
Summary · why it matters

New energy vehicles accounted for 65.1% of new passenger cars sold in China in July, up from 54% a year ago, according to China Passenger Car Association data. Geely’s Xingyuan electric hatchback was the bestseller among the 10 most popular car models in the six months through July, with nearly 197,500 units sold at a price just under 100,000 yuan. Tesla’s Model Y ranked second with more than 180,000 electric SUVs sold, priced between 263,500 yuan and 313,500 yuan. BYD’s most popular model, the Yuan UP SUV, placed fifth with nearly 97,700 units sold, while the company reported a more than 10% drop in passenger car sales in the first half of the year. Volkswagen was the only traditional foreign automaker in the top 10, with its gasoline-powered Lavida in ninth place.

Impact on stocks 7

Electrification & Mobility± Mixed · 4 stocks
Tesla Inc
TSLA
▲ PositiveDemandrelevance

Model Y ranked second with over 180,000 units sold, indicating strong demand.

Consumer Discretionary▼ · 2 stocks
Volkswagen AG
VOW
▼ NegativeCompetitionrelevance

Volkswagen was the only traditional foreign automaker in top 10, with Lavida in ninth, showing competitive pressure.

Others▼ · 1 stocks
BYD Co Ltd Class A
002594
▼ NegativeDemandrelevance

BYD's passenger car sales dropped over 10% in H1, and its top model ranked fifth.

Theme Impact 2

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