Global plugin vehicle registrations were up 72% in November 2021 compared to November 2020. There were 721,000 registrations (or 11.5% share of the overall auto market), establishing a new global record for PEV sales. Add
the 632,000 units of plugless hybrids registered in November, and we have some 22% of the overall global market having some form of electrification last month. With the final month of the year also set to be a record month , we should see over 25% share of electrified registrations in December!
With the global PEV market starting to approach disruptive times, as the record 11.5% share of November demonstrates, the first signs ofin the overall global market are also starting to appear. Plugless hybrid growth rates are slowing down — after a 10% rate in September and October, November had a 14% growth rate, but these three months stayed far below the 2021 YTD average of 53%.
But BYD is also competing with the best of them in the lower end of the market. The recent BYD Dolphin — in only its 4th month on the market — is now getting close to the category leader, the #10 Renault Zoe. The Zoe, despite having a year-best score , was still down by 1,000 units compared to November 2020. It shouldn’t be able to resist BYD’s new baby in December, which will most likely hit a 5-digit score.
Chery QQ Ice Cream scoring its first 4,289 units on the market. How high will it go? I think if the little four-seater becomes the automaker’s best selling model, Chery will be happy. But because we are not counting numbers that way, we have the #6 BYD Han EV being threatened by the rising Li Xiang One, fewer than 200 units behind, while the BYD Song PHEV is now #11, having jumped 6 positions. The Song PHEV should climb a few more positions in December, possibly ending the year in 8th.
With Great Wall, GAC, XPeng, Chery, Dongfeng, Li Auto, and NIO all hitting record scores last month, one can say that the strength of Chinese EV makers does not rely only on China’s top automakers , but instead is a whole team ofEV makers, most of them now getting ready to expand their sales beyond their native cradle and colonise the Earth.
XPeng is still #20, making it the 8th Chinese brand in the ranking, but the fast-expanding maker should climb a few positions in December, possibly ending the year in #17.
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