China NEV export share in September: BYD leads with 31.1%, Chery rises to second
| Ranking | Automaker | NEV Exports | Market Share |
|---|---|---|---|
| 1 | BYD | 174,277 | 31.1% |
| 2 | Chery | 85,990 | 15.3% |
| 3 | Geely | 72,893 | 13.0% |
| 4 | Tesla China | 30,529 | 5.4% |
| 5 | SAIC Passenger Vehicle | 29,552 | 5.3% |
| 6 | Changan | 29,325 | 5.2% |
| 7 | Leapmotor | 27,454 | 4.9% |
| 8 | SAIC-GM-Wuling | 16,543 | 3.0% |
| 9 | Dongfeng | 10,282 | 1.8% |
| 10 | Xpeng | 10,055 | 1.8% |
- BYD exported 174,277 NEVs in September, down 5.2% from August, with its share falling 4.3 percentage points.
- Chery’s exports rose 25.7% month-on-month, overtaking Geely for second place; Tesla China remained fourth as its share fell to 5.4%.
BYD (HKEX: 1211) continued to lead China’s passenger new energy vehicle (NEV) export market in September despite losing share, while Chery (HKEX: 9973) overtook Geely Auto (HKEX: 0175) to take second place.
BYD exported 174,277 passenger NEVs in September, up 151.6% year-on-year but down 5.2% month-on-month, according to rankings released by the China Passenger Car Association (CPCA) on Tuesday.
BYD’s share fell to 31.1% from 35.4% in August, though it maintained a substantial lead over other automakers. Its cumulative exports exceeded 1.3 million vehicles in the first 9 months of the year.
Chery ranked second with 85,990 vehicles, up 173.9% year-on-year and 25.7% month-on-month. Its share rose to 15.3% from 13.2% in August.
Geely ranked third with 72,893 vehicles, up 398.2% year-on-year and 4.3% month-on-month. Its share was 13.0%, down from 13.5% in August.
Tesla (NASDAQ: TSLA) China exported 30,529 vehicles in September, up 58.3% year-on-year but down 15.5% month-on-month, marking its second consecutive monthly decline.
The US EV maker remained fourth, with its share falling to 5.4% from 7.0% in August, only slightly ahead of fifth-placed SAIC Passenger Vehicle.
SAIC Passenger Vehicle exported 29,552 NEVs, up 18.3% month-on-month, with a 5.3% share, moving up 1 place from August.
Changan Automobile (SZSE: 000625) ranked sixth with 29,325 vehicles, up 3.5% month-on-month, with a 5.2% share.
Leapmotor (HKEX: 9863) remained seventh with 27,454 vehicles, up 298.6% year-on-year and 50.4% month-on-month. Its share rose to 4.9% from 3.5% in August.
SAIC-GM-Wuling remained eighth with 16,543 vehicles, down 4.8% month-on-month, with a 3.0% share.
Dongfeng rose to ninth with 10,282 vehicles, up 106.4% month-on-month, with a 1.8% share. GAC Aion dropped out of the monthly top 10.
Xpeng (NYSE: XPEV) ranked tenth with 10,055 vehicles, up 100.9% year-on-year and 23.8% month-on-month. Its share was also 1.8%, though it fell 1 place from August.
From January through September, BYD exported 1,301,074 NEVs, up 94.1% year-on-year, ranking first with a 33.5% share.
| Ranking | Automaker | NEV Exports | Market Share |
|---|---|---|---|
| 1 | BYD | 1,301,074 | 33.5% |
| 2 | Chery | 527,490 | 13.6% |
| 3 | Geely | 478,804 | 12.3% |
| 4 | Tesla China | 361,972 | 9.3% |
| 5 | SAIC Passenger Vehicle | 204,097 | 5.2% |
| 6 | Leapmotor | 159,572 | 4.1% |
| 7 | Changan | 137,130 | 3.5% |
| 8 | SAIC-GM-Wuling | 109,341 | 2.8% |
| 9 | Dongfeng | 93,505 | 2.4% |
| 10 | GAC Aion | 69,265 | 1.8% |
Chery remained second with 527,490 vehicles, up 176.9% year-on-year, with a 13.6% share. Geely ranked third with 478,804 vehicles, up 533.4%, with a 12.3% share.
Tesla China exported 361,972 vehicles over the same period, up 108.4% year-on-year, retaining fourth place with a 9.3% share.
SAIC Passenger Vehicle ranked fifth with 204,097 vehicles and a 5.2% share. Leapmotor ranked sixth with 159,572 vehicles, up 322.5% year-on-year, with a 4.1% share.
Changan, SAIC-GM-Wuling, Dongfeng and GAC Aion ranked seventh through tenth, with shares of 3.5%, 2.8%, 2.4% and 1.8%, respectively.
In the overall passenger vehicle export market, which includes conventional internal combustion engine vehicles, Chery remained first in September with 203,765 vehicles, up 46.9% year-on-year and 5.5% month-on-month, with a 22.2% share.
| Ranking | Automaker | Exports | Market Share |
|---|---|---|---|
| 1 | Chery | 203,765 | 22.2% |
| 2 | BYD | 174,277 | 19.0% |
| 3 | Geely | 105,914 | 11.5% |
| 4 | SAIC Passenger Vehicle | 73,199 | 8.0% |
| 5 | GWM | 51,210 | 5.6% |
| 6 | Changan | 50,734 | 5.5% |
| 7 | SAIC-GM-Wuling | 36,433 | 4.0% |
| 8 | Tesla China | 30,529 | 3.3% |
| 9 | Leapmotor | 27,454 | 3.0% |
| 10 | Yueda Kia | 15,749 | 1.7% |
BYD ranked second with 174,277 vehicles and a 19.0% share. Its share gap with Chery widened to 3.2 percentage points from 1.1 percentage points in August.
Geely ranked third with 105,914 vehicles, up 160.5% year-on-year but down 3.2% month-on-month, with an 11.5% share.
SAIC Passenger Vehicle ranked fourth with 73,199 vehicles and an 8.0% share. GWM (HKEX: 2333) ranked fifth with 51,210 vehicles and a 5.6% share.
Changan ranked sixth with 50,734 vehicles and a 5.5% share. SAIC-GM-Wuling rose to seventh with 36,433 vehicles and a 4.0% share.
Tesla China fell to eighth with 30,529 vehicles and a 3.3% share. Leapmotor and Yueda Kia ranked ninth and tenth, with shares of 3.0% and 1.7%, respectively.
In overall passenger vehicle exports from January through September, Chery remained first with 1,527,483 vehicles, up 64.5% year-on-year, with a 21.8% share.
| Ranking | Automaker | Exports | Market Share |
|---|---|---|---|
| 1 | Chery | 1,527,483 | 21.8% |
| 2 | BYD | 1,301,074 | 18.5% |
| 3 | Geely | 793,965 | 11.3% |
| 4 | SAIC Passenger Vehicle | 620,175 | 8.8% |
| 5 | GWM | 416,326 | 5.9% |
| 6 | Tesla China | 361,972 | 5.2% |
| 7 | Changan | 307,373 | 4.4% |
| 8 | SAIC-GM-Wuling | 250,124 | 3.6% |
| 9 | Leapmotor | 159,572 | 2.3% |
| 10 | Dongfeng | 136,288 | 1.9% |
BYD ranked second with 1,301,074 vehicles and an 18.5% share, while Geely ranked third with 793,965 vehicles and an 11.3% share.
SAIC Passenger Vehicle and GWM ranked fourth and fifth, with shares of 8.8% and 5.9%, respectively. Tesla China remained sixth with a 5.2% share.
Changan, SAIC-GM-Wuling, Leapmotor and Dongfeng ranked seventh through tenth, with shares of 4.4%, 3.6%, 2.3% and 1.9%, respectively.
