In 2022, three car manufacturers managed to climb the podium in electric vehicle sales. These are Tesla, BYD and Volkswagen. But watch out, there’s a runway battle going on and the fourth actor is starting to do well as well.
BYD Han and Atto 3 in front of the Eiffel Tower in Paris
If you’ve been following the EV news on Frandroid closely, you should already know the three car manufacturers that sell the most EVs at the moment. We summed up the results in the third quarter of 2022, as well as in the second quarter of the same year. Then the classification was identical, even if the lines had already begun to move.
In the fourth quarter of 2022, the same story: Tesla remains the great leader in electric vehicles. But be careful, because as we’ll see, Chinese giant BYD is well underway and could well overtake Elon Musk’s firm in the long run. Volkswagen (the group, not just the manufacturer) remains third, but well behind the first two. The German group begins to be overtaken by another Chinese group: SAIC (MG). 2023 could be a turning point.
Tesla, the leader in electric vehicles
In detail, as seen in the table below, Tesla sold 405,000 electric vehicles (Model 3, Model Y, Model S and Model X) between October and December 2022. Over 1.3 million units of electric vehicles were sold for the entire year. brand customers. That’s a lot, and it’s a record for Tesla as well as the electric car industry.
Tesla Gigafactory in Berlin
We see that sales have grown from the beginning of the year to the end of 2022. The second quarter was marked by COVID, which greatly slowed down the pace of work at the Gigafactory in Shanghai. With fourth-quarter sales data, Tesla could sell more than 1.5 million electric vehicles in 2023. If all Tesla factories operate at full capacity, about 2 million electric vehicles could be sold this year. Even 2.5 million with the adjustments Tesla wants to make at its Gigafactory in Berlin.
Saleslabyslabydvolkswagen Первый квартал 2022305 407143 22399 100 Второй квартал 20222,254 69,5180 296 118 000 Третий квартал 2022,343 000258 618149 300 Четвертый квартал 2022405 000329 000205 800811111111111111111111111111111111111111111111111111111111111111111111111111111111h240н.
Is this enough to increase distance from BYD? Not necessary.
BYD, the number 2 electric car in the world
If you don’t know BYD, remember this name. This is a Chinese manufacturer that has been in existence since 1995, to whom we owe, in particular, the 100% electric London Red Bus. BYD is coming to Europe with three electric vehicles: BYD Han, Tang and Atto 3. It is possible that other electric vehicles will appear in Europe in the coming months, such as BYD Seal and BYD Dolphin (Atto 2). .
However, BYD is strong, very strong on the electric car. In the fourth quarter of 2022, the Chinese manufacturer sold more than 329,000 electric vehicles, over 900,000 in just a year. So yes, that’s a lot less than Tesla. But be careful, there are two things to consider.
BYD booth at Paris Motor Show 2022 // Source: Marie Lizak for Frandroid
First, BYD sold just 143,000 electric vehicles in the first quarter of 2022. So the sales growth is huge: more than doubling in quarterly sales in less than a year!
The second detail is that BYD also manufactures and sells… plug-in hybrid vehicles. And not a little. In 2022, the Chinese manufacturer sold nearly 828,000 PHEVs. If hybrids and electric vehicles are taken into account, BYD’s production capacity is nearly 1.8 million units per year. What seriously worries Tesla.
Namely, analytics firm GlobalData estimates Tesla sales at 1.6 million in 2023 versus BYD’s 1.58 million in its recent market analysis. But be careful, we imagine that the trend cabinet has not taken into account the recent Tesla price drop, which is likely to change everything by flooding the market.
Volkswagen falls behind
In third place is the German concern Volkswagen, which sells Volkswagen brands, as well as Audi, Cupra, Porsche, Seat and Skoda. In the last quarter of 2022, 205,800 electric vehicles were sold. During the year, 572,100 units were produced. That’s almost half that of BYD, but like the Chinese giant, the German group doubled its sales between early 2022 and year-end.
Unfortunately for Volkswagen, these efforts should not be enough for 2023. Because in fourth position we find another Chinese group: SAIC, the parent company of MG. Precise sales figures for this group are hard to come by, but initial estimates indicate just under 500,000 electric vehicles have been sold over the past year.
And this good figure is made possible by one electric vehicle in particular, the famous Wuling Hong Guang MINIEV, which is the best-selling electric vehicle in China in 2022. More than 400,000 units have been sold through a joint venture with General Motors (SAIC-GM-Wuling).
2023, a pivotal year for the Chinese?
SAIC should be much stronger by 2023 as the group has sold many electric vehicles in recent months. We can mention the MG4 (with a sales target of 100,000 vehicles in 2023) as well as the Cadillac Lyriq with GM as well as the Buick Electra E5. This also applies to the Rising Auto brand with the R7 SUV that “recharges” in less than 5 minutes, and in particular the IM with the LS7.
SAIC is forecast to sell over a million electric vehicles in 2023, compared to just over 840,000 for the Volkswagen Group. Numbers taken with huge tweezers, but nevertheless reflecting the trend.
Convertible Wuling Hongguang Mini EV
Chinese manufacturers have begun to invade Europe, while European manufacturers, on the other hand, are struggling to sell their cars in China. So much so that some even leave the territory, like the Jeep, an integral part of the Stellantis.
Therefore, it will be very interesting to follow the electric car in 2023. Will Tesla be able to maintain its leading position despite the increasingly strong presence of BYD? When will Volkswagen catch up with the SAIC group? See you next March to see 2023 sales data for the first time on the occasion of the first quarter.
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