From Jan to May in 2023, Non-China Global[1] Electric Vehicle Deliveries[2] Recorded 2.045 Mil Units, a 37.3% YoY Growth
- Tesla ranked No. 1 and Hyundai-KIA ranked 4th in the non-China EV market
From Jan
to May in 2023, the total number of electric vehicles registered in countries around
the world except China was approximately 2.045 million units, posting a 37.3%
YoY growth.
(Source: Global EV & Battery Monthly
Tracker – June 2023, SNE Research)
From
Jan to May 2023, if we look at the number of electric vehicles sold by OEM
groups in the non-China market, Tesla maintained the top position with a 59.9% YoY
growth. The growth of Tesla was based on the price-reduction strategy
implemented from earlier this year and the tax credit offered to Model 3/Y by
the US Inflation Reduction Act. The Volkswagen group, where Volkswagen, Audi,
and Skoda belong to, recorded a 40.3% YoY growth, taking the 2nd
place on the list. The growth of VW Group was driven by steady sales of Audi E-Tron
line-up including ID.4, a first, non-American EV model qualified for the EV tax
credit offered by the US government. The 3rd place was taken by the
Stellantis Group based on solid sales of both BEV and PHEV such as Fiat 500e
and Jeep Wrangler 4xe.
(Source: Global EV & Battery Monthly Tracker – June 2023, SNE
Research)
Hyundai-KIA
Motor Group posted a 1.9% YoY growth led by IONIQ 5, EV6, and Niro. The launch
of KONA(SX2) Electric and EV9, and the global sale of IONIQ 6 are expected to lead
the group to rebound in the green car market and possibly break the profit
record again in the Q2 earnings announcement. The SAIC Group, a strong player
in the Chinese domestic market, safely entered the top 10 on the list with a triple-digit
growth, based on solid sales of MG-4, MG-5, and MG-ZS models in the European
region.
(Source: Global EV & Battery Monthly Tracker – June 2023, SNE Research)
Major Chinese EV makers such as BYD and MG have been already qualified
in the Chinese market and secured their shares in the domestic market. Taking advantages
of their vehicle safety, quality, and price competitiveness, they have been
trying to make inroads into the global market. In the European and Asian (excl.
China) regions, where those Chinese EV makers are expected to enter into, the EV
deliveries are forecasted to continue its upward trajectory.
[2] Based on electric vehicles (BEV+PHEV) delivered to customers or registered during the relevant period.