Warren Buffett-backed BYD’s new luxury sedan jumped into the top 10 electric cars sold in China last year

Customers view a BYD Han electric automobile at a shopping center on July 12, 2020 in Hangzhou, China.

Long Wei | Visual China Group | Getty Images

BEIJING — As China’s electric automobile market heats up, Tesla and BYD are amongst the winners, knowledge for 2020 gross sales present.

Less than six months after Chinese automaker BYD launched its “Han” luxury electric sedan, the automobile leaped into eighth place amongst the best-selling new vitality automobiles in the nation last year, based on knowledge from China’s Passenger Car Association out late Tuesday. The new vitality class contains electric and plug-in hybrid energy sources.

BYD, which is backed by American billionaire Warren Buffett, has stated gross sales of the Han sedan have elevated each month since deliveries started in August. The sedan comes in each pure electric and plug-in hybrid variations.

The “Han” automobile was the fourth best-seller in the class for December, the affiliation stated.

Tesla’s Model 3 sedan held the top spot for the complete year, promoting greater than 137,000 automobiles in 2020, based on the report.

For passenger cars no matter vitality supply, Tesla’s Model Three took the 10th spot in December.

Mini automobile sells higher than Tesla in December

As Chinese customers wrapped up 2020 and appeared forward, they purchased greater than 35,000 Hongguang Minis, making it the best-selling new vitality automobile in December and the second-best for the year.

The automobile is a tiny electric automobile with a beginning value of 28,800 ($4,400) that is developed by General Motors‘ three way partnership with Wuling Motors and state-owned SAIC Motor.

Two different miniature electric cars developed by native Chinese automakers made the top 10 listing, highlighting the distinction between sturdy demand for high-end and funds automobiles in the electric automobile class.

Xpeng‘s P7 luxury sedan, which like BYD’s Han started deliveries this summer time, was the ninth best-selling new vitality automobile in December.

Electric does properly amongst high-end SUVs

Li Auto‘s first and solely mannequin thus far, the Li One SUV, sold hundreds extra cars than Nio‘s top-selling ES6 SUV last year.

The two start-ups even made it into the10 best-selling high-end SUVs in China throughout all energy sources. Li Auto ranked eighth whereas Nio took ninth place.

The Li One is extra of a hybrid in that the automobile features a gas tank that may assist cost the battery when no charging station is accessible, easing one in every of customers’ top considerations about shopping for an electric automobile.

Total retail gross sales of passenger cars in the world’s largest auto market fell 6.8% last year to about 19.Three million models, based on the passenger automobile group’s figures. New vitality cars bucked the decline to rise 9.8% to 1.1 million, the report stated.

Some in China’s auto business have beforehand solid doubt on the accuracy of the affiliation’s figures as a result of reliance on self-reporting.

2020 new vitality automobile rankings

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