The three main sellers of electric cars worldwide (Tesla, BYD and Volkswagen) have just released their sales figures for the third quarter of 2022. If Tesla remains in the lead since the beginning of the year, the American manufacturer is dangerously reaching by the Chinese giant BYD.
In the second quarter of 2022, Tesla was a leader in the electric car industry, to the point of largely surpassing its two main rivals, Chinese manufacturer BYD and European group Volkswagen. But the situation could change, as sales figures for the third quarter of 2023 show.
Tesla remains at the top of the rankings
At the moment, Tesla remains largely in the lead, having sold 343,000 electric cars in the last three months. Since the beginning of the year, the Texan manufacturer has managed to sell 907,000 electric cars worldwide. The million mark will therefore be largely passed by the end of the year, in particular thanks to the Model Y, which is selling like hotcakes. Recall in this regard that Tesla intends to place the Model Y as the best-selling car of the year 2023, all engines combined.
BYD in second position
In second position we find the Chinese manufacturer BYD, which made its first appearance in France this week on the occasion of the Paris Motor Show in its 2022 edition with three electric cars destined for the French market that we were able to discover. BYD managed to sell 258,618 electric cars in Q3 2022for a total of 582,129 units since January 2022.
We can therefore see that BYD has sold almost half of Tesla’s electric cars in the last nine months. But most worrying for the American manufacturer is the meteoric rise of the Chinese group, as the number of electric cars sold by BYD was around 50,000 a month between January and May, before reaching 80,000 this summer and 94,000 in September!
So it’s easy to imagine 300,000 sales in Q4 2022 for BYD. Tesla, meanwhile, is working hard to reach 500,000 electric cars sold in the next quarter.
Volkswagen targets China
For its part, the Volkswagen group is positioned in third place on the podium, with 149,300 electric cars sold in the previous quarterand 366,400 units sold since January 2022. Here, too, the increase is strong and reassuring, as the German group should be able to surpass the figures for 2021, where the company sold 452,900 electric cars throughout the year.
Notable fact: if Volkswagen sells 58% of its electricity production in Europe, China represents an interesting market for the group, with 31% of deliveries, more than 50% compared to last year. In other words, electric car sales are stagnant in Europe for Volkswagen, while they are exploding in China. However, this is not a demand issue, as most of the German group’s electric cars are slow to be delivered, when they are not in short supply.
Volkswagen therefore seems to want to take over part of the Chinese market, so as not to leave room only for local manufacturers. And it’s not silly, as China is very fond of electric cars, with a market share of more than 18% in the first half of 2022, against 11% in Europe in the same period and 12% in France.
GM: In the race for the electric car?
According to some data, Volkswagen could be side by side with the American group General Motors (GM). If it hardly sells electric cars in the United States (and soon in Europe), it’s different in China, thanks to the SAIC-GM-Wuling (SGMW) joint venture.
The joint venture doesn’t offer many electric cars, but the Wuling Hong Guang MINIEV (also available as a convertible) is a total hit in China, with 108,000 sold in the last three months. Enough to put GM in a tie with Volkswagen in the accumulated since January 2022, but in the third quarter.
Top 3 electric car manufacturers
|Sales||You are here||BYD||Volkswagen|
|First quarter of 2022||305 407||143 223||99 100|
|Second quarter of 2022||254,695||180 296||118,000|
|Third quarter of 2022||343,000||258,618||149,300|
|Total 2022||903,000||582 129||366,400|
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