BYD is the leading OEM selling electronic vehicle EVs. BYD sold 640,000 EVs (PHEVs and BEVs) in H1 2022 for a 15 percent market share. BYD jumped from sixth place to the leadership position with strong sales of models such as the BYD Song Plus, BYD Qin Plus and BYD Han.
Tesla is the world leader in the BEV segment, with a strong performance from its Model Y and Model 3 accounting for 565,000 of electric vehicles sold during H1 2022, giving it a market share of 14 percent, up 1 percent point, Canalys report said.
SAIC Motor, which includes SGMW, the combination of SAIC, GM and Wuling, maintained its third-place position with 393,000 units sold in H1 2022 for a market share of 9 percent. Wuling is still the leading mini EV provider, selling over 200,000 units.
Volkswagen Group continues to expand its range gradually. It sold over 375,000 vehicles in H1 2022 for a 9 percent market share. But it only had one model, the ID.4, in the top 10 list of EV models and needs a new high-volume launch.
Geely Group includes the brands Volvo, Polestar, Geely, Lynk & Co, Geometry and Zeekr. It took fifth place, selling 121,000 units for a 6 percent market share in H1 2022.