BYD Maintains Lead in EV in June, Ending Q2 with New Quarterly Record

BEIJING, July 3 (TiPost)— Tesla’s Chinese rivals, led by BYD Co., showed robust growth amid heated price war in the second quarter.

Credit：Visual China

BYD sold 250,300 new energy vehicles (NEVs) in June, suggesting an 88.79% year-over-year (YoY) increase. China’s top EV manufacturer for the first time sold more than 250,000 units in a month, a new record for the second consecutive month. Sales in the quarter ended June also set a record of more than 700,000 units, almost doubling a year earlier. The company sold over 1.25 million NEVs in the first half of the year, accounting for about two thirds of sales last year.

Aion, a brand owned by the state-owned manufacturer Guangzhou Automobile Group Co., Ltd. (GAC), sold 45,013 vehicles in June, representing an 86.7%YoY increase. The brand, as the leader among emerging Chinese EV startups, refreshed its monthly sales and remained the triple-digit growth, though the sales expansion seems slow down compared with May, the month saw a 114% rise. This is the fourth consecutive monthly record since Aion first sold more than 40,000 units in March. Its sales in the second quarter grew 136.61% YoY to 131,028 units, and sales from January to June totaled 209,336 units, up 109% YoY. The brand is expected to increase the momentum as Hyper GT, its second model under the luxury EV brand Hyper, went on sales on July 3.

Li Auto Inc smashed record for the fourth month with a delivery of 32,575 vehicles in June, bringing the delivery in the second quarter to 86,533, up 201.6% YoY. The automaker for the first time exceeded the 30,000-unit monthly delivery mark. The delivery grew 150.1% YoY, roughly in line with the increase of 146% in May. The delivery in the first half of the year has surpassed the annual delivery of 2022. CEO Li Xiang said his company targets deliveries for Li L8 and Li L9 at over 10,000 each and aspire to achieve 15,000 Li L7 monthly deliveries in July, and will work to achieve the 40,000-unit monthly mark in the fourth quarter. Li expressed optimism in the last quarter, when Li MEGA, a flagship 5C BEV model, is scheduled to unveil. Li Auto is confident that the new model will become a sales blockbuster in the RMB500,000 and higher price segment, Li said.

Xpeng Inc’s delivery in June decreased 43% YoY to 8,620 units, but the EV maker has achieved positive month-over-month (MoM) growth for five months in a row. The latest delivery represents a 15% MoM increase, with delivery of P7, a new sports sedan rolled out in March, up 17% over the prior month. The delivery in the second quarter stood at 23,205 units in total, rising 27% from the previous quarter. The company is well on the track to step up delivery as G6 Ultra Smart Coupe SUV launched in late June, offering five trim packages and priced between RMB209,900 and RMB276,900. Since its launch, the G6 has been attracting widespread market attention and receiving top-rated reviews. As of June 28, the total orders of G6 topped 35,000 units, ahead of its initial deliveries to start in July.

NIO Inc began to show signs of recovery in June. Its delivery declined 17% to 10,707 units, but jumped 74% MoM, first topping 10,000 units in the past three months. Nio was not out of the wood yet. It delivered 23,520 vehicles in the second quarter, dropping 24.2% from the previous quarter. The company highlighted new models’ prospect. It launched a smart electric tourer ET5 Touring on June 15 and started delivery the next day, and it commenced delikvery ramp-up of the All-New ES8, a smart electric flagship SUV on June 28.

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