Jan to August in 2023, Global Electric Vehicle Deliveries Posted
8.703 Mil Units, a 41.3% YoY Growth
- Combined M/S
of Global No. 1 and 2, BYD and TESLA, Recorded 34.6%
Jan to August in 2023, the total number of electric vehicles registered in
countries around the world was approximately 8.703 million units, a 41.3% YoY increase.
EV and Battery Monthly Tracker – Sep 2023, SNE Research)
the global EV sales by major OEMs from Jan to August in 2023, BYD, a leader in
the Chinese EV market, recorded an 87.4% YoY growth, remaining on the top of
the list. Its solid sales was mainly backed by continuous sales of Song, Yuan
Plus(Atto3), Dolphin, and Qin in the Chinese domestic market. Among the top 10
OEMs, BYD is the only group who accounted for over 20.0% of the market share
and has been gradually empowering its brand influence in the market. Tesla,
following BYD and ranked 2nd on the list, posted a 62.5% YoY growth.
Its major products – Model 3/Y – have continuously seen a favorable growth in
sales, and particularly, Model Y has been sold more than twice compared to the
same period of last year. Although there was a report that the Shanghai
Gigafactory saw a 11% decline in sales in September, it is expected to reach
the sales target of 1.8 million units by 2023 without difficulties.
(Source: Global EV and Battery Monthly Tracker – Sep 2023, SNE
Group recorded a 11.7% YoY growth, driven by IONIQ 5 and EV 6 to which E-GMP
platform is installed. The Group, who also posted a favorable profit in Q3, is
expected to gradually expand its global market share as it plans to launch
IONIQ 6, the All-New Kona Electric, and EV 9 in the global market and also has
unveiled EV 5 in China.
(Source: Global EV and Battery Monthly
Tracker – Sep 2023, SNE Research)
region, China boasted its outstanding share in the market, taking up 59.4% in
the global EV market. China’s growth momentum of today has been driven by BYD
who has achieved a vertical integration through which it manufactures battery
as well as electric vehicles. Although there have been concerns about possible
decline in EV demands due to ever-fortifying standards for EV subsidy in the
European market, Chinese makers including BYD are expected to keep their
expansion plans in the region. Whilst local companies are expected to keep
their strong holds in their regions where various protectionist measures have heightened
trade barriers, industry-state cooperation seems more necessary to secure
minerals, components, and local manpower.
Based on electric
vehicles (BEV+PHEV) delivered to customers or registered during the relevant