China's New Energy Vehicles Take 65.1% of July Car Sales as Gas Models Fade
Updated
Updated · CNBC · Aug 12
China's New Energy Vehicles Take 65.1% of July Car Sales as Gas Models Fade
3 articles · Updated · CNBC · Aug 12
Summary
65.1% of new passenger cars sold in China in July were new energy vehicles, up from 54% a year earlier, underscoring how decisively EVs and hybrids now dominate the market.
Autohome data for February through July showed Geely's Xingyuan electric hatchback led model sales at nearly 197,500 units, ahead of Tesla's Model Y at more than 180,000.
BYD placed three models in the top 10, but its best performer—the Yuan UP SUV—ranked only fifth with nearly 97,700 units, even as the company remains a volume leader.
Traditional foreign brands were largely absent: Volkswagen's gasoline-powered Lavida was the only non-Chinese legacy foreign model in the top 10, while Geely also kept a gasoline model there.
The shift is happening in a shrinking market—new energy vehicle sales through July fell 12.5% and overall passenger car sales dropped 20.3%, extending pressure from China's price war.