A few days ago, the Passenger Association released a retail sales report for December 2023, which showed that the cumulative sales of passenger cars in China in 2023 were 217030,000 units, a year-on-year increase of 56%, of which the cumulative annual sales of new energy vehicles were 7.74 million units, an increase of 36 percent year-on-year3%。In the list of the top retail sales of new energy vehicles, the growth rate of Li Auto has nearly doubled, but the pattern of BYD, Tesla, and Aion holding the top three has not changed.
BYD Auto's annual sales of new energy vehicles were 2706075, a year-on-year increase of 503%, which is at the top of the list. In 2023, BYD will promote the trend of the same price of oil and electricity, and has achieved market-leading results with its leading technology and outstanding cost performance, and almost all of its models have become popular models, among which the annual sales of Qin plus are 434213, the annual sales of Song plus are 390213, the annual sales of Yuan plus are 309835, the annual sales of Dolphin are 299708, and the annual sales of Seagull are 239,270.
Tesla's annual sales in China were 603664 units, up 37% year-on-year3%, ranking second. Tesla has sold more than 600,000 units in China with two models, showing a strong market influence. Tesla's Model Y sales reached 456394 units, making it the highest-selling model in the entire car market, but this also reflects that Tesla's Model 3 is not very outstanding in the sedan market.
GAC Ai'an sold 483632 vehicles annually, a year-on-year increase of 767%, ranking third. GAC Aion has suddenly made efforts since 2022 and rushed all the way to the top three positions in new energy vehicle sales, among which the two models of AION S and AION Y have contributed a lot, with sales of 220904 units of AION S and 235717 units of AION Y in 2023. Since the second half of last year, GAC Aion has focused on the layout of the Haobo brand, and has successively launched Haobo GT, Haobo SSR and Haobo HT models, laying the foundation for continuous growth in 2024.
Geely Automobile's annual sales volume was 469427 units, a year-on-year increase of 54%, ranking fourth. Geely is a car company with rapid growth in new energy vehicle sales in the independent brand camp, although there is no particularly hot explosion in the sales of single cars, but the development of Geely's various brands is relatively balanced, and brands such as Geely Galaxy, Geely Geometry, and Zeekr have repeatedly hit new highs in new energy sales in 2023.
SAIC-GM-Wuling sold 457848 vehicles for the year, a year-on-year increase of 36%, ranking fifth. Although the annual sales of Wuling Binguo and Hongguang MINIEV both exceed 200,000 units, SAIC-GM-Wuling is the brand with the smallest growth rate in the entire TOP10 list, which indicates that Wuling's position in the small and micro electric market is weakening, for example, the sales of BYD Seagull have been able to be on par with Wuling Binguo. However, the sales volume of Wuling Starlight exceeded 18,000 units in the first month of its launch, which brought a new growth point to SAIC-GM-Wuling.
Changan Automobile's annual sales volume was 384915, a year-on-year increase of 815%, ranking sixth. In the composition of Changan Automobile's new energy vehicle sales, Changan LUMIN's annual sales are close to 140,000 units, but this does not mean that Changan's main battlefield is in small and micro electricity, in 2023, Changan Automobile has carried out an in-depth layout in the new energy vehicle market, Changan Qiyuan, Deep Blue Automobile, and AVATR are all launching new products at a very fast pace, and the simultaneous efforts of the three brands in 2024 are believed to bring greater growth space to Changan Automobile.
Li Auto's annual sales volume was 376,030 units, a year-on-year increase of 1822% ranked seventh. In 2023, Li Auto will achieve a breakthrough step by step from monthly delivery of 30,000, 40,000 and 50,000 units, and the annual sales of Li L7, L8 and L9 will all exceed 100,000 units, with rapid and balanced growth. However, with the rise of the world, the high degree of overlap in the market will bring huge challenges to Li Auto.
Great Wall Motor's annual sales volume was 236856, a year-on-year increase of 903%, ranking eighth; Judging from the sales data, the gap between Great Wall's new energy vehicles and Geely and Changan is widening, which may be a negative effect of focusing on the SUV segment, but in 2024, the ORA brand will launch B-class and C-class products, and the shortcomings of the product matrix are expected to be filled. NIO sold 160038 vehicles for the year, a year-on-year increase of 307%, ranking ninth; Leapmotor sold 144155 units for the year, a year-on-year increase of 297%, ranking tenth.