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China NEV market share in September: BYD leads with 22.8%, Tesla rises to fourth

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China NEV market share in September: BYD leads with 22.8%, Tesla rises to fourth

BYD (HKEX: 1211) continued to lead China's new energy vehicle (NEV) market in September with a 22.8% share, while Tesla (NASDAQ: TSLA) climbed to fourth from sixth in August.

BYD's passenger NEV retail sales in China totaled 246,816 vehicles in September, down 28.9% year-on-year but up 5.5% from August, according to rankings released by the China Passenger Car Association (CPCA) on Tuesday.

Its NEV market share slipped from 23.3% in August but remained more than double that of second-placed Geely Auto (HKEX: 0175), preserving its lead amid broader pressure on the domestic market.

Geely ranked second in NEV retail sales with 119,682 vehicles, down 20.5% year-on-year but up 8.3% month-on-month. Its market share was unchanged from August at 11.0%.

Leapmotor (HKEX: 9863) remained third with 78,202 vehicles, up 30.8% year-on-year but down 7.9% month-on-month. Its share fell to 7.2% from 8.4% in August.

Tesla's September retail sales rose 29.6% month-on-month to 64,837 vehicles, lifting its share to 6.0% from 5.0% in August. Its ranking improved for a second consecutive month.

However, Tesla's China retail sales were still down 9.4% year-on-year, indicating that the monthly rebound had yet to reverse its annual decline.

Changan Automobile (SZSE: 000625) slipped to fifth with 61,732 vehicles, down 26.7% year-on-year but up 6.7% month-on-month, giving it a 5.7% share.

SAIC-GM-Wuling ranked sixth with 54,810 vehicles, down 32.8% year-on-year but up 3.2% month-on-month, for a 5.1% share.

0% month-on-month. 6% in August.



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