The global electric vehicle market exceeds 9 million units
In recent years, new energy vehicles are experiencing rapid development, and the global sales of new energy vehicles in 2023 will be 13.03 million units, an increase of nearly 30% from 2022. Among them, pure electric vehicles are the main force of new energy vehicles, with sales of 9.11 million units in 2023, accounting for about 70%.
So who are the top 10 car companies in terms of sales market share in the world?
(10) Kia (South Korea1)
In FY2023, Kia Motors from South Korea will have a 2% share of the global pure electric vehicle market and overall sales of less than 200,000 units, ranking 10th in the world. Kia Motors, a subsidiary of the Hyundai Group, is one of the two major brands under Hyundai Motor, and the Hyundai brand is also in the top 10.
(9) SAIC MG (China1)
SAIC MG Motor, a subsidiary of SAIC Motor, the mainland's No. 1 automobile industry group, has a market share of 2.3% in the global electric vehicle market, becoming the world's ninth largest electric vehicle brand. It is worth mentioning that the MG MG brand is the brand of SAIC's acquisition of the old British car company Rover, which is highly recognized in the European market.
(8) Mercedes-Benz (Germany1)
Germany's first to enter the top 10 of global electric vehicles is Mercedes-Benz's Mercedes-Benz brand car, which has a market share of 2.6% in 2023 and is the 8th pure electric vehicle brand in the world.
(7) Hyundai (Korea 2)
South Korea's two major car brands are among the top 10 in global electric vehicle sales, and the Hyundai brand, a subsidiary of Hyundai Motor Group, ranks seventh in the world with a global market share of 2.9%. The combined market share of the two Korean brands is 4.9%, which can enter the top 5 in the world.
(6) BMW (Germany2)
In FY2023, the No. 6 brand in the global electric vehicle market is also from Germany, with BMW achieving a market share of 3.6%. It is worth mentioning that Mercedes-Benz and BMW are both luxury car brands, and their sales in the fuel market are difficult to enter the top 10 in the industry, and electric vehicles can be said to provide them with new opportunities.
(5) Volkswagen (Germany)
Volkswagen, also from Germany, has a Volkswagen brand with a market share of 4.6% in the global pure electric vehicle market in 2023, ranking 5th in the world. In the 2023 global car sales list, the Volkswagen Group has sold 8.8 million vehicles, ranking second in the world.
(4) SAIC-GM-Wuling (China 2)
For the whole year of 2023, SAIC-GM-Wuling Motors' BEVs from China will account for 4.9% of sales, ranking fourth in the world. It is worth mentioning that this is the second brand under SAIC to be shortlisted in the global TOP10, with a total proportion of 7.5%, which can be ranked among the top 3 in the world.
(3) GAC Aion (China3)
The GAC Aion brand from the GAC Group will account for 5.2% of global electric vehicle sales in FY 2023, ranking third among global brands. Headquartered in Guangzhou, GAC Group, like BYD, is from Guangdong Province and is also an early starter in the mainland's new energy vehicle transformation.
(2) BYD (China4)
In FY2023, the second largest brand in the global electric vehicle sales list is BYD Auto from China. BYD has a market share of 17.1%, and it is worth mentioning that most of the world's pure electric vehicles use ternary lithium battery technology, while BYD is mainly based on lithium iron phosphate battery technology.
In fact, pure electric vehicles in BYD's new energy vehicle system do not account for as much as petrol-electric hybrids, but in this market has also achieved the world's second place, if you count petrol-electric hybrid models, it is the world's largest new energy vehicle brand.
(1) Tesla (U.S.1)
There is a car brand in the United States that has entered the top 10 of the global electric vehicle sales list, and this brand is not the traditional three major car companies (Ford, General Motors, Chrysler), but Tesla, a new force in car manufacturing. With a market share of 19.9%, Tesla Motors ranks first among pure electric vehicles in the world. In other words, for every 5 electric vehicles sold in the world, 1 is Tesla. Of course, the Tesla Gigafactory in Shanghai has also made a lot of contributions to Tesla's ranking first in the world.
It is still difficult for new energy vehicles to shake the global fuel vehicle market
According to the data, in 2023, the continent will sell 30 million vehicles, of which the new energy vehicle market will have nearly 9.5 million units, accounting for more than 30%. From the perspective of the global automobile market as a whole, new energy vehicles account for only 21.6%, which is far from the point of shaking traditional fuel vehicles. In addition, many European car companies have begun to abandon the strategy of comprehensive new energy, and the time for new energy to catch up with fuel vehicles will be further extended.
As a simple example, in 2023, Toyota will not enter the top 10 in the global pure electric vehicle sales list. However, its overall car sales were 10.65 million units, making it the only car company in the world to sell more than 10 million vehicles, ranking first in the world, nearly 2 million more than the Volkswagen Group, which ranked second. BYD, which ranks first in the world's new energy vehicle sales, only ranks 9th among global car companies.
However, we must also see that it is an inevitable trend for automobiles to move towards new energy. The advantages of Xinyuan Automobile in energy saving and intelligence are difficult to compare with traditional fuel vehicles. If Japanese cars still stick to their traditional fuel vehicle route and cannot pay enough attention to the development of new energy, it will be difficult to maintain their position as the No. 1 in the industry in the future.