AutoBeta(AutoBeta.net)06/11 Report--

Retail sales in the domestic narrow passenger car market reached 1.742 million in May, up 28.6 per cent from a year earlier, and 7.3 per cent month-on-month sales of 7.632 million vehicles from January to May, up 4.2 per cent from a year earlier, according to retail data from the Federation of passengers. Among them, new energy narrow passenger car sales in May were 580000, up 60.9% from the same period last year, and 10.5% month-on-month growth of 2.421 million vehicles from January to May, up 41.1% from the same period last year.

Judging from the May sales list of new energy manufacturers compiled by Automotive Industry concern, the top 10 car companies in the list are BYD Automobile, Guangzhou Automobile Eian, Tesla China, SAIC General Motors Wuling, ideal Motor, Geely Automobile, Chang'an Automobile, Great Wall Automobile, Zero running Automobile and Nagan Automobile. Compared with April, only the ideal car ranking has changed in the top five in May, rising to fifth place from sixth in April, with a relatively strong performance.

After entering 2023, the pattern of new energy vehicle market has changed greatly. In the new energy vehicle market, there is a term "BAT" recently. "BAT" specifically refers to BYD (B), Ian (A) and Tesla (T). Judging from the sales ranking of new energy manufacturers in May, BYD, Ian and Tesla are still in the top three. Among them, BYD once again topped the list with sales of 220735 vehicles, and its market share rose to 38.1% from 36.8% in April.

In second place was GAC Ean, which delivered 45003 vehicles in May, up 113.7 per cent from a year earlier. GAC Ean, as a new energy vehicle brand under GAC GROUP, can be said to have directly started the frenzy mode in the pure electric market at the level of 10-200000 after entering 2023, with cumulative sales reaching 166323 vehicles in 2023, an increase of 111.2% over the same period last year. According to the plan, the annual sales target of GAC Ean is to guarantee 500000 vehicles and compete for 600000 vehicles, with a target growth rate of more than 84.5%. Based on 500000 vehicles, the completion rate of GAC Ean in the previous month was 33.26%, and it is expected that it is more likely to achieve the annual sales target.

Tesla China ranks third on the list, while its year-on-year growth rate of 332.7% is ahead of other car companies, and there are clear signs of sales recovery. Of these, Model Y sold 31054 vehicles and Model 3 sold 11454 vehicles. SAIC GM Wuling rose 13.7% year-on-year in May to 36253 vehicles. According to the previous May, SAIC GM Wuling sales fell 10.1% year-on-year to 147857 vehicles in the previous May, second only to Nagan.

Ideal car is the only car company in the "Wei Xiaoli" camp to make the top 10 list. In May, ideal car delivered 28277 new cars, an increase of 146.0% over the same period last year. By the end of May, ideal car delivered a total of 106542 vehicles this year, an increase of 124.9% over the same period last year, with a market share of 4.4%. At present, ideal Auto's models on sale include L7, L8 and L9, with a price of more than 300000 yuan. Li previously made it clear that the ideal car would increase its market share of 30-500000 yuan SUV from 9.5% in 2022 to about 20% in 2023.

In addition, Great Wall's retail sales of new energy rose 51.8% in May from a month earlier, compared with 13729 vehicles in April. In addition, compared with April, May Zero cars ranked ninth in May with a score of 12058, while SAIC-Volkswagen, which ranked 10th in April, was excluded from the list.

Overall, in May, a number of new energy car companies have varying degrees of growth, but the growth rate has slowed down. In the field of new energy vehicles, the domestic retail penetration rate of new energy vehicles was 33.3% in May, up 6.7% from 26.6% in the same period last year, according to the Federation of passengers. In terms of breakdown, the penetration rate of new energy vehicles in independent brands is 57.1%; that of new energy vehicles in luxury cars is 23.0%; and that of new energy vehicles in mainstream joint venture brands is only 4.0%. In terms of monthly domestic retail share, the retail share of mainstream independent brands of new energy vehicles in May was 72.8%, down 2.6% from the same period last year; the share of joint venture brand new energy vehicles was 4.6%, down 1% from the same period last year; and the share of new power was 12.8%, down 3.9% from the same period last year.

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