The rout continues: BEVs up, ICE way down in China in Aug, Tesla also down — SkimNews
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- China's auto market recorded a 23.6% year-over-year decline in overall retail car sales in August, extending a year-long run of monthly declines.
- Battery electric vehicle sales rose 0.8% year over year, outperforming the broader market despite its contraction.
- Plug-in hybrid and extended-range EV sales fell 29.6% and 22.2%, respectively, while combined NEV sales declined 10.1%.
- Fossil-powered vehicles, including ICE cars and conventional hybrids, posted a 40% year-over-year sales decline.
- Chinese NEV exports surged 154.7% in August and accounted for 58.4% of Chinese car exports.
- Tesla's China sales fell 12.4% year over year, its weakest August since 2022, although exports from its Shanghai factory rose 38.7%.
- BYD led Chinese retail NEV sales with 233,000 vehicles, ahead of Geely at 110,000 and sixth-place Tesla at 50,000.
Why it matters: For Chinese consumers and automakers, the split matters: pure EVs gained 0.8% even as retail car sales fell 23.6%, and NEV exports rose 154.7% to make up 58.4% of car exports. Tesla lost domestic ground, falling 12.4% and ranking sixth with 50,000 sales.
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