2023Q1 Electric vehicle sales in China grew 29%: BYD took the lead, up 79% from a year earlier.

CTOnews.com, June 29 (Xinhua)-- BYD continues to lead the increasingly competitive electric vehicle market, according to a report on China's domestic electric vehicle market in the first quarter of 2023, according to market research agencies.

Sales of passenger electric vehicles in China rose 29 per cent year-on-year in the first quarter of 2023, with pure electric vehicles (BEV) accounting for nearly 70 per cent of sales and plug-in hybrid electric vehicles (PHEV) up 88 per cent year-on-year, the report said.

In terms of brand, BYD further consolidated its leading position with 79% year-on-year growth in sales, up 9.8% from the same period last year.

The report points out that 28 car brands from the top 10 automobile groups account for more than 80% of total passenger electric vehicle sales.

Of the 10 best-selling electric vehicles in the first quarter of 2023, 8 were from China. With the exception of Tesla, no other foreign vehicles entered the top ten.

The top 10 best-selling models together account for 46% of China's passenger car electric car sales. In addition, the five best-selling PHEV models in the first quarter of 2023 were all made by BYD.

CTOnews.com attaches a link to the full Counterpoint Research report here, which you can click to read if you are interested.