The report said that the new energy vehicle market showed Matthew effect, and BYD and Tesla squeezed the living space of other car companies.

According to data provided by EV-Volumes, 5.8 million electric vehicles were sold in the first half of 2023, accounting for about 15 per cent of global vehicle sales, CTOnews.com reported on August 8.

Although some car companies, including pure electric (BEV) and hybrid (PHEV) electric vehicles, are expanding, the top five list of electric vehicles in the first half of 2023 is the same as in the first quarter, unchanged.

BYD sold 1248168 vehicles in the first half of this year, with a market share of 21.4%, up 6 percentage points from 15.4% in the same period last year.

Tesla sold 888879 vehicles in the first half of this year, with a market share of 15.4 per cent (CTOnews.com note: Tesla sells only pure electric models), an increase of 1.8 percentage points compared with 13.6 per cent in the same period last year.

In third place is Volkswagen Group, which sold 425761 vehicles in the first half, with a share of 7.3 per cent, down from 8.0 per cent a year ago.

In fourth place was Geely-Volvo, with sales of 359543 vehicles and a market share of 6.2 per cent, up from 5.6 per cent in the same period last year.

SAIC ranks fifth, accounting for nearly 56 per cent of all electric vehicles sold worldwide in the first half of 2023.

CTOnews.com here produces the electric vehicle brand chart for the first half of 2023 as follows:

Sales volume in the first half of 2023 in the first half of 2023 market share difference in the first half of 2022 BYD 1248168 cars 21.4% 15.4% + 6% Tesla 888879 cars 15.4% 13.6% + 1.8% Volkswagen Group 425761 cars 7.3% 8.0%-0.7% Geely-Volvo 359543 cars 6.2% 5.6% + 0.4% Group 322921 5.5% 8.6%-3.1% other 2586592 44% 48.8%-4.8% Top five OEM accounted for nearly 58% of all BEV sold in the first half of 2023 Here is the chart of the brand of pure electric electric vehicle produced by CTOnews.com in the first half of 2023:

Sales volume in the first half of 2023 market share in the first half of 2023 market share difference in the first half of 2022 Tesla 888879 vehicles 21.7% 19% + 2.7% BYD 615064 vehicles 15% 11% + 4% Volkswagen 311359 cars 7.6% 7.3% + 0.3% SAIC (including SAIC GM Wuling) 308899 7.5% 10.5%-3 percentage points

Geely-Volvo 236847 5.8%

The other 1738952 are 42.4%.