China's new energy vehicle market grew strongly in April, with BYD and Tesla leading the sales list

According to news on May 11, China’s new energy vehicle market showed strong sales growth in April. According to preliminary estimates from the Passenger Car Association, wholesale sales of new energy vehicles reached 800,000 units in April, soaring 33% from the same period last year, although there was a slight decline of only 2% compared with the previous month. In this wave of growth, many automakers such as BYD, Tesla and Changan have performed well. Note: The expression of some sentences has been slightly adjusted. The word count is 224 words.

BYD's sales performance in April was particularly impressive, with sales reaching 312,000 vehicles, a year-on-year surge of 49%, and sales exceeding the 300,000 mark for two consecutive months. Its export business also showed strong growth momentum. In April, it exported more than 41,000 passenger cars, a year-on-year surge of 177%. If this export trend continues, BYD is expected to achieve its export target of 5 million vehicles this year.

Tesla ranks second in sales, and its best-selling models Model 3 and Model Y continue to be enthusiastically sought after by the market. Still, Tesla's sales fell 18% compared with the same period last year. Tesla not only exports products to Europe and other regions, but is also actively promoting the global application of FSD. It is expected that the launch of this technology will further stimulate its sales growth.

In the fierce market competition, Changan and Geely have also achieved impressive sales results. Changan Automobile's April sales exceeded 50,000 vehicles, thanks to the strong performance of its new brands such as Deep Blue and Qiyuan. According to statistics, the sales volume of Changan Automobile's own brand new energy vehicles reached 51,700 units, a year-on-year increase of 129.74%. In the first four months of this year, the cumulative sales of Changan's own brand new energy vehicles reached 180,000 vehicles, a year-on-year increase of 68.63%.

Geely Automobile’s passenger car sales as of April were 153,000 units, a year-on-year increase of 39% and a month-on-month increase of 2%. In the field of new energy vehicles (including Geely, Lynk & Co, Ji Krypton and other brands), Geely sold 51,400 vehicles, a significant year-on-year increase of 75% and a month-on-month increase of 15%. This growth trend indicates Geely's strong momentum in the new energy market. .

In addition to the above-mentioned automobile manufacturers such as Wuling, Chery, and GAC Aian, they have also kept pace with the market and achieved stable sales growth. At the same time, new powerful brands such as Ideal, Wenjie, Weilai, Leapao, etc. are also actively working hard to increase their market share. Although the company faces certain market challenges, the launch of its new SUV L6 is expected to bring new sales growth points to the company. On the other hand, Wenjie's sales are limited by Cyrus's production capacity. However, thanks to Huawei's support, its order volume remains sufficient.

Xiaomi has also successfully jumped into the top 20 on the list, which indicates that the company’s initial layout in the new energy vehicle market has achieved certain results. As the market continues to develop and competition intensifies, China's new energy vehicle market will continue to maintain rapid growth. Major automobile manufacturers will also continue to increase investment in research and development and launch more innovative products to meet the increasingly diverse needs of consumers.

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