China’s BYD ranks second in the global electric car market, while Hyundai moves up to fifth

China’s BYD ranks second in the global electric car market, while Hyundai moves up to fifth

Some media are already anticipating the possible success of the Chinese company BYD, reporting its victory in the electric car segment and victory over Tesla, but in fact, after cutting hybrids, the Chinese rival took second place. Hyundai has also stepped up in the past 12 months, increasing its sales of electric vehicles, making the Korean company fifth in the world.

Image source: Hyundai Motor

The Japanese publication Nihon Keizai Shimbun, as reported by Business Korea, analyzed statistics from MarkLines, which summarized information on sales of electric vehicles in 66 countries. In the first half of this year, Tesla was able to maintain its global leadership with cars of electricity of 564,000 sold. The second place is deservedly taken by the Chinese BYD with 324,000 electric cars, although a year ago it was satisfied with the fourth place. It is generally accepted that this development was due to BYD’s focus on mid-range and entry-level electric vehicle models, especially in the Chinese market. In one year, BYD’s sales increased three and a half times.

Hyundai Motor has doubled sales of electric vehicles to 169,000 units, including products from its subsidiary KIA. In the United States alone, more than 10,000 electric vehicles each of the Hyundai IONIQ 5 and KIA EV6 models have been sold since the beginning of the year. The Korean automaker ranked fifth among the top ten electric vehicle manufacturers. But the Renault-Nissan alliance, which produces the largest Leaf electric car, fell to sixth place in the first half of this year.

Toyota and Honda, with 10,000 electric cars sold each, were only in the top twenty manufacturers, but in third place with 310,000 cars sold was the joint venture between SAIC, GM and Wuling, which produces the very popular budget compact electric cars Wuling Hongguang Mini. as well as in China. . It turns out that among the top three there is only one non-Chinese automaker – Tesla, which still produces most of the cars exported to China.