economy
EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data
The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.
TL;DR
- Geely's Xingyuan electric hatchback was the top-selling car model in China over six months, with nearly 197,500 units sold.
- Tesla's Model Y ranked second in popularity, selling over 180,000 units despite a higher price tag.
- BYD had three models in the top 10 best-sellers, but their most popular model only managed fifth place, and overall sales dropped by over 10% in the first half of the year.
- Volkswagen was the only traditional foreign automaker to make the top 10 with its gasoline-powered Lavida.
- New energy vehicles accounted for 65.1% of new passenger cars sold in July, a significant increase from the previous year.