Non-China Global Electric Vehicle Deliveries During Q1 2023 Recorded 1.183 million Units, a 31.3% YoY Growth
- Tesla took No. 1 place and Hyundai-KIA ranked 3rd in the non-China EV market
The total number of electric vehicles registered in countries around the world except China during Q1 2023 was approximately 1.183 million units, posting a 31.3% YoY growth.
The 3rd place was taken by Hyundai-Kia Motor Group, which earned the biggest operating profit in history as for Q1. Due to seasonal factors, such as changes in EV subsidy policies, often found in Q1 that are unfavorable to selling eco-friendly vehicles, the EV sales have seen a 1.8% YoY degrowth. However, in the coming 2nd quarter, which is regarded as a seasonal high season, the market is expected to be in an upward trajectory again as KONA(SX2) Electric and EV9 are said to be released shortly and IONIQ 6 is likely to be sold more in the global market.
(Source: Global EV & Battery Monthly Tracker – April 2023, SNE Research)
As SAIC, NIO, Geely, and BYD, whose quality and reliability have been proved in the China market, have been trying to go beyond the domestic market further to the global one based on their safe and quality vehicles, attentions should be paid to whether they would bring about a sea change in the non-China EV market.
 The xEV sales of 80 countries are aggregated (excl. China).
 Based on electric vehicles (BEV+PHEV) delivered to customers or registered during the relevant period