Let’s look at electric vehicle registrations by OEM — for now, full electrics (BEVs) plus plugin hybrids (PHEVs). At the end of Q2, BYD was leading with 15.4% share, but now it is up 1.9
market share in a mature EV market than what the major automotive groups have had in the ICE era.
SAIC remained in 3rd, but has lost share , but it still has 4th placed Volkswagen Group at safe distance . As of right now, there are just 13,000 units separating #5 Hyundai–Kia from #6 Geely–Volvo, and the latter has established a quarterly average of 35,000 units/month in the third quarter of the 2022, against 27,000 for the Korean OEM. Hyundai–Kia’s 5th position should be in critical danger by November based on these trends, meaning that those Hyundai Ioniq 5 & 6, Kia EV6, and Kia Niro EV deliveries will need to be in full swing if the Korean OEM wants to keep the 5th spot through year end.
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