Chinese electric car BYD model exhibition hall (photo = BYD)

[Alpha Biz= Reporter Kim Minyoung] Chinese electric car manufacturer BYD topped the monthly market for the first time in the local auto market. Tesla, a US electric car company, has lowered its market share in China to 3.7%.

According to CPCA and the electric vehicle industry on March 21, BYD sold 263,300 units in China this March. It increased 35.4% compared to 192,289 units sold in the same month last year. The market share ranked first with 15.4%. This is 1.9% higher than Volkswagen's market share (13.5%), which recorded 227,921 units. This is the first time that BYD, which only produces electric vehicles, has reached the top in terms of vehicle sales share, including internal combustion engines.

According to CPCA, the combined market share of local Chinese companies such as BYD, geography and Zhangan was 39.8%, up more than 4% points from March last year (35.7%).

On the other hand, Tesla's sales in China reached 62,398 units last month, accounting for only 3.7%. Sales fell 18.6% from 76,663 units in the same month last year. Even if the market is narrowed down to electric cars, Tesla's market share remained at 8.7%, which is less than double digits.

 

 

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