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Tesla Xpeng Nio BYD are best-selling electric cars in 2021

A Tesla salesperson (L) speaks to a customer as they sit in a Tesla Mannequin Y automobile at a Tesla showroom in Beijing on January 5, 2021.

Wang Zhao | AFP | Getty Pictures

BEIJING — Tesla took two of the highest three spots for best-selling electrical automobile fashions in China, trade information for the primary three quarters of the yr confirmed.

That is properly forward of start-up rivals like Xpeng and Nio, in response to information launched by China Passenger Automobile Affiliation on Wednesday.

Elon Musk’s automaker offered greater than 200,000 electrical automobiles in China throughout these three quarters — 92,933 Mannequin Ys and 111,751 Mannequin 3s, in response to the passenger automobile affiliation. 

China accounted for about one-fifth of Tesla’s income final yr. The U.S.-based automaker started delivering its second China-made automobile, the Mannequin Y, early this yr. The corporate additionally launched a cheaper version of the car in July.

Tesla’s shares are up practically 15% to this point this yr, whereas the U.S.-listed shares of Nio are down greater than 25% and Xpeng’s misplaced practically 7% throughout that point.

On a month-to-month foundation, the information confirmed the best-selling electrical automobile in China in September remained the budget Hongguang Mini — a tiny automobile developed by General Motors‘ three way partnership with Wuling Motors and state-owned SAIC Motor.

Tesla’s Mannequin Y was the second best-selling electrical automobile in China in September, adopted by the older Tesla Mannequin 3, the passenger automobile affiliation information confirmed.

Gross sales of recent vitality automobiles — a class that features hybrids and battery-only automobiles — climbed amid Beijing’s assist for the trade. Nonetheless, passenger automobile gross sales total slumped year-on-year for a fourth-straight month in September.

Chinese language battery and electrical automobile firm BYD dominated the brand new vitality automobile best-sellers’ record in September, accounting for 5 of the highest 15 automobiles offered, the passenger automobile affiliation information confirmed.

Xpeng’s P7 sedan ranked tenth, whereas none of Nio’s fashions made the highest 15 record. The truth is, Nio hasn’t been on that month-to-month record since Might, when the Nio ES6 ranked fifteenth.

Some in China’s auto trade have cast doubt on the accuracy of the association’s figures.

Learn extra about electrical automobiles from CNBC Professional

This is the affiliation’s record of the 15 best-selling new vitality automobiles in China for the primary three quarters of 2021:

1. Hongguang Mini (SAIC-GM-Wuling)
2. Mannequin 3 (Tesla)
3. Mannequin Y (Tesla)
4. Han (BYD)
5. Qin Plus DM-i (BYD)
6. Li One (Li Auto)
7. BenBen EV (Changan)
8. Aion S (GAC Motor spin-off)
9. eQ (Chery)
10. Ora Black Cat (Nice Wall Motor)
11. P7 (Xpeng)
12. Tune DM (BYD)
13. Nezha V (Hozon Auto)
14. Intelligent (SAIC Roewe)
15. Qin Plus EV (BYD)

https://www.cnbc.com/2021/10/14/china-ev-tesla-xpeng-nio-byd-are-best-selling-electric-cars-in-2021-.html | Tesla Xpeng Nio BYD are best-selling electrical automobiles in 2021

Aila Slisco

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