Electric Vehicles

43% Plugin Vehicle Market Share In China — March 2024 Sales Report – CleanTechnica


43% Plugin Vehicle Market Share In China — March 2024 Sales Report – CleanTechnica

by SPorterBridges

2 Comments

  1. linknewtab

    > Full electrics (BEVs) alone accounted for 28% of the country’s auto sales

  2. Some tidbits,

    >This proves that the refresh wasn’t well received by the Chinese market. True — specs and the interior had a welcome upgrade, but the exterior design change, which ditched the Porsche Panamera resemblance and embraced the 2019 Toyota Corolla look, along with the feeling that Tesla was stingy with equipment by removing stalks, parking sensors, etc., has affected the appeal of the car. And in a cutthroat market like China, those kind of missteps will hurt you.

    >Hence the reason why Tesla decided to postpone the refresh of its Model Y best seller. It seems they would like to have more time to figure out what went wrong with the Model 3 refresh and do it properly at a later stage.

    >Last, but surely not least, a mention goes out to a model that only started to get delivered in April but is expected to reach 70,000 to 100,000 sales in the remaining months of 2024: the Xiaomi SU7. It is a car with unbeatable value for money. It is the size of a Tesla Model S, has air suspension, has a 0.195 drag coefficient, has 800-volt architecture, has 74 kWh LFP or 101 NMC batteries with a promise of a 150 kWh coming later on, and all of this for Tesla Model 3 prices. That is … quite an offer.

    >No wonder they have already locked in 70,000 orders. Not reservations, actual orders.

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