Korean Media: BYD Surges 83%, Chinese EVs Shine Brightly in Overseas Markets!

On June 11, South Korean media outlet Today's Finance published an article stating that data released by market research firm SNE Research shows that from January to March this year, global electric vehicle (EV) deliveries outside China totaled approximately 2.025 million units, representing a year-on-year increase of 23.1%.

By manufacturer, Volkswagen maintained its leading position with sales of 299,000 units. However, its growth rate stood at only 8.8% compared to the same period last year—below the overall market growth rate—and its market share declined from 16.7% to 14.8%.

Tesla ranked second with 239,000 units sold, a year-on-year increase of 18.3%. Despite this growth, its pace lagged behind the market average, causing its market share to slightly drop from 12.3% to 11.8%.

BYD came in third with 204,000 units sold, achieving an impressive year-on-year growth of 83%. Its market share also surged from 6.8% to 10.1%.

Hyundai Motor Group ranked fourth with 169,000 units sold, up 22.5% year-on-year. Its market share remained stable at 8.4%, unchanged from the previous year.

Stellantis saw its sales decline by 1.9% to 121,000 units, and its market share dropped from 7.5% to 6%.

Bayerische Motoren Werke (BMW) experienced a 5.9% decline in sales to 118,000 units, with its market share falling from 7.6% to 5.8%.

Mercendes-Benz also saw sales fall by 9.3% to 83,000 units, though its market share remained steady at 4.1%.

Chinese automotive groups such as Geely and Chery rapidly expanded their market shares, achieving remarkable growth rates of 27% and 467%, respectively.

Regionally, Europe recorded sales of 1.15 million units, up 26.7% year-on-year. Its market share rose from 55.2% to 56.8%, maintaining its critical position. Analysis indicates that Europe continues to serve as the core driver of non-Chinese market growth, reflecting the dual effects of demand recovery and new model launches, as well as being a key region where major automakers are concentrating their electrification strategies.

The Asian market grew the fastest, with a 67.9% increase in sales reaching 412,000 units. Its market share also significantly increased from 14.9% to 20.3%.

The North American region suffered the largest decline, with sales dropping 28.2% year-on-year to 297,000 units. Its market share plummeted from 25.1% to 14.6%.

Original article: toutiao.com/article/1867661368089600/

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