BYD’s plug-in hybrid model dominates the list! Are they all in the top 9?

[ITBEAR] News on August 13, according to the latest data released by the Passenger Car Association, China’s wholesale sales of new energy passenger vehicles achieved significant growth in July 2024, reaching 944,000 units, an increase compared with the same period last year 28%. In this growth trend, plug-in hybrid models (true plug-in hybrids) performed particularly well, with sales reaching 318,000 units, accounting for 33.7% of total sales, and a year-on-year growth rate of 73%. This data undoubtedly shows that plug-in hybrid models have become the main force driving the growth of the new energy vehicle market. According to ITBEAR, the plug-in hybrid market will show a differentiated trend in July 2024. BYD, as the leader, is in an absolute leading position in market performance. In the TOP10 wholesale sales list of Zhenjianhu in July, BYD occupies the top 9, including Song, Qin, Destroyer 05, Seal 06, Han, Tang, Song L, Denza D9 and other popular models.

1. The only non-BYD brand to enter the top ten of this list is Chery. Its Fengyun T9 model, as a medium-sized SUV, successfully ranks among the top with a guide price of 129,900-169,900 yuan.

2. Cui Dongshu, secretary-general of the Passenger Car Association, pointed out that due to BYD's significant advantage in sales, other car manufacturers such as Geely Automobile, Great Wall Motors, Changan Automobile and SAIC-GM-Wuling have also followed BYD's footsteps and actively participated in plug-in vehicles. R&D and promotion of electric hybrid vehicles. Especially after BYD made price adjustments, its competitors responded positively and launched corresponding market strategies.

   

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