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How Chinese OEMs’ NEV business performed in July

Monika From Gasgoo| August 12 , 2019

Shanghai (Gasgoo)- China's NEV sales reached approximately 80,000 units in July, down by 4.7% from a year ago. However, for the first seven months of the year, NEV sales of the country still soared 40.9% over the previous year to 699,000 units, according to the China Association of Automobile Manufacturers (CAAM).

Chinese OEMs NEV sales July, Geely Auto NEV sales, China automotive news

Gasgoo hereby rounded up NEV sales volumes released by several major Chinese OEMs. Both BYD and JAC Motors suffered evident year-on-year decline in July NEV sales. But in terms of year-to-date sales, all of them accomplished remarkable increase over a year earlier.

BYD

Chinese OEMs NEV sales July, Geely Auto NEV sales, China automotive news

Last month, BYD sold 16,567 new energy vehicles, a year-on-year decline of 11.8% and a month-on-month slump of 37.65%. For the first seven months, its NEV sales totaled 162,220 units, skyrocketing 73.71% over the previous year.

Sales of all-electric PVs reached 9,515 units, climbing 16.4% from the year-ago period. As to Jan.-Jul. performance, 105,294 pure electric PVs were sold with a tremendous year-on-year growth of 228.88%.

In addition, the company's plug-in hybrid PV sales amounted to 6,495 units and 51,477 units in July and through July, sliding 35.22% and 10.41% over a year earlier respectively.

The automaker also sold 557 new energy CVs in July, while its year-to-date sales jumped 29.61% to 5,449 units.

Geely Automobile

Chinese OEMs NEV sales July, Geely Auto NEV sales, China automotive news

(Photo source: Geely Automobile)

Geely Automobile Holding Limited (hereinafter referred to as Geely Automobile and the Group) announced on August 7 that its total sales volume (including Lynk & Co-branded vehicles) in July 2019 reached 91,375 units, a year-on-year decrease of roughly 24%, while up by around 1% from the previous month.

Of the total sales for the month of July, 4,476 units came from new energy and electrified vehicles (NEEVs). The hotter-selling NEEV models were the Emgrand EV, the Jiaji MHEV, the Xingyue MHEV and the Geometry A, which together accounted for around 65% of total monthly NEEV sales.

For the first seven months, sales volume of Geely Automobile totaled 743,055 units, dropping approximately 16% compared with the same period a year ago. By the end of July, the group has already fulfilled 55% of its revised annual sales target—1,360,000 units—in 2019.

Year-to-date NEEV sales skyrocketed 181% from a year earlier to 62,076 units, said the automaker.

BAIC BJEV

Chinese OEMs NEV sales July, Geely Auto NEV sales, China automotive news

(Photo source: BAIC BJEV)

BAIC's NEV subsidiary BJEV saw its car sales in July reached 12,509 units, significantly growing 78% year on year, while tumbling 52% compared with the previous month, the parent company BAIC BluePark New Energy Technology Co.,Ltd reported on August 7.

The month-on-month sales slump should be partly attributed to the three-month grace period for new NEV subsidy policy, which made numerous market demands overdrawn before the ending data June 25. By the way, the other major EV maker BYD faced the similar situation for the same reason as well. In July, BYD's NEV sales fell 11.84% year on year and plunged 37.65% month on month.

The Beijing-based EV manufacturer said its year-to-date sales jumped 28% over the prior-year to 77,668 units, completing 35.3% of the 220,000-unit annual sales target it set for 2019.

JAC Motors

Chinese OEMs NEV sales July, Geely Auto NEV sales, China automotive news

(Photo source: JAC Motors)

JAC Motors announced its vehicle sales in July slumped 27.29% from the year-ago period to 27,555 units, of which 1,738 units came from pure electric PVs, a steep decline of 66.5% compared with a year ago and a plunge of 82.3% over a month ago.

From January to July, the Hefei-based automaker sold 262,710 vehicles in total with a decline of 9.46%. However, cumulative sales of all-electric PVs soared 61.79% compared with the corresponding period in 2018 to 40,803 units.

Great Wall Motors

Chinese OEMs NEV sales July, Geely Auto NEV sales, China automotive news

(Photo source: Great Wall Motors)

ORA, the new energy vehicle brand of Great Wall Motors, sold 2,071 cars last month, 1,691 units less than that of the previous month, according to the automaker's July sales report.

Among vehicles sold in July, 1,677 units and 394 units came from the ORA R1 and the ORA iQ respectively.

By the end of July, the young NEV brand has delivered 29,084 cars this year. Year-to-date sales of the ORA R1 and the ORA iQ were 19,758 units and 9,326 units.

Nevertheless, there was no P8 PHEV, the WEY's first NEV model, sold in July. The sales number of the P8 for the year-ago period was 540 units.

GAC Group

Chinese OEMs NEV sales July, Geely Auto NEV sales, China automotive news

(Photo source: GAC NE)

GAC Group claimed that July sales of its NEV business arm GAC NE zoomed up 153% year on year to 3,406 units, the first time ever exceeding 3,000 units on a monthly basis.

For the first seven months, GAC NE sold a total of 14,336 vehicles with an impressive surge of 87%.

For the entire GAC Group, Jan.-Jul. sales of new energy PVs skyrocketed 141% year on year to 22,667 units.

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