In the current global new energy vehicle market, the head effect of car companies is very obvious, and companies that started earlier have a first-mover advantage. The top nine companies grabbed nearly 70% of the share, leaving only more than 30% of the space for the other hundreds of car companies.
BYD is the most prominent among the car companies and firmly occupies the first place in the market. The price war that began this year has led to a further increase in BYD's sales, and its share has also risen to 19.4% from 17.3% in the same period last year, and it has surpassed the 7.4% share of Tesla, which is in second place, which is almost equivalent to the total sales of a Geely (including Volvo). Last year, although BYD was also in front of Tesla, its advantage was not obvious, and in the first quarter of this year, the gap became bigger and bigger.
Tesla came in second place with a 12% share, but it fell 4.5% year-on-year, and is in a downward trend overall. Between one increase and one decrease, the gap between Tesla and BYD has widened. Of course, Tesla is not only facing the challenge of BYD, but also being threatened by other domestic new energy brands and international traditional fuel car companies. After all, brands such as BMW and Volkswagen have strong brand advantages and user reputation, as long as the products and production capacity keep up, the sales volume will not necessarily be too bad.
Geely-Volvo ranked third with a market share of 7.8%, down 0.5% from January, but still growing rapidly overall. In the same period last year, Geely's market share was only 6.1%, up 1.7 percentage points in one year, and rose two places (surpassing Volkswagen Group and SAIC Group) to third place. Since the beginning of this year, Geely Group has obviously begun to make efforts in the field of new energy, not only the growth rate of the domestic market has exceeded 100%, but also the overseas market has made great progress.
The Volkswagen Group maintained essentially the same market share as in the same period last year (6.5% last year) and ranked fourth with a share of 6.4%. Although Volkswagen's share has not changed much, it is still surpassed by Geely, which is developing faster.
SAIC's market share also declined, from 6.3% in the same period last year to 5.9% now, and the global ranking also slipped one place to fifth place. SAIC's main new energy force is still dominated by MG and Roewe, MG is mainly sold overseas, and Roewe's competitiveness in China is also lackluster. The future of SAIC New Energy still depends on the wisdom it focuses on building, and the potential of this new brand has not yet been fully realized.
Stellantis, which was formed by the merger of PSA and Fiat Chrysler, came in sixth place, with a market share falling to 4.3% from 4.9% in the same period last year.
In seventh to ninth place are Changan Group, BMW Group and Hyundai-Kia Group, with shares of 4%, 3.8% and 3.5%, respectively. Among them, Changan rose one place, surpassing BMW. Hyundai-Kia's pace of progress is still very obvious, and its latest electric car has achieved good sales in both North America and Europe, and is closing the distance with Changan and BMW.
On the whole, the market share of Chinese car companies is further increasing, in addition to the few car companies on the list, Chery, Wenjie, Great Wall, Ideal and other car companies are chasing behind, and there is huge potential and room for growth. At present, the biggest pressure is Tesla, whose market share has been shrinking in the past two years, and if this trend cannot be reversed, it is not impossible to be surpassed by Geely in the future.