Tesla continues to lead the electric vehicle market, but Chinese competitors are getting stronger

In the first half of the year, Tesla remains the global leader in the number of all-electric vehicles sold, according to the analytical company SNE Research. In turn, the second and third places in the top three are occupied by the Chinese Wuling and BYD, respectively, which are rapidly increasing production volumes.



According to statistics from the analytical company SNE Research, Tesla sold 390,000 electric cars in the first half of the year, taking 22% of the market. The second place was taken by Wuling, more precisely, the joint venture SAIC-GM-Wuling - 190,000 cars, which is 13 times more than in the same period last year. At the same time, the market share of the manufacturer increased from 2% last year to 10.7% this year.

In third place is the Chinese BYD, which sold 96,300 electric vehicles. Its market share remained almost unchanged, rising to only 5.4%. Volkswagen and the Great Wall Motors Company are also in the top five. In addition, you should pay attention to the South Korean Hyundai. Although it ranked only sixth and sold 51,000 all-electric vehicles, it managed to double the number of cars produced since the first half of last year.

In the plug-in hybrid market, the situation is somewhat different. BMW is the undisputed leader with 106,000 units sold (12.9% of the market), followed by Mercedes-Benz and Volvo. BYD is in fourth place, with sales growth of an impressive 428% year-on-year.

As technologies for producing efficient batteries evolve, the landscape of the electric vehicle market is changing rapidly. It is possible that new changes in the leaderboard will occur before the end of this year.

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