A Chief (NEZHA) V electrical automotive is displayed on the Hozon auto stand throughout an auto present in Tianjin, China on October 4, 2021.

VCG | Visible China Group | Getty Pictures

BEIJING — Tesla and BYD stay market leaders in China’s electrical automotive market in 2021, in accordance with the China Passenger Automobile Affiliation, whereas new opponents emerge in opposition to smaller rivals like Neo.

The funds electrical automotive Hongguang Mini retained the top-selling spot – greater than triple gross sales final 12 months at 395,451 items, affiliation information confirmed on Thursday.

Associated Funding Information

Kathy Wooden’s Ark Investments Doubles Down on Nvidia, Innovation ETF Suffers 3-Month Outflows

However the high promoting autos within the new vitality automobile class are dominated by dearer Tesla and BYD vehicles, which embrace battery-powered and hybrid vehicles.

Here’s a record of the highest 15 best-selling new vitality passenger vehicles, together with SUVs, in China for 2021:

1. Hongguan Mini (SAIC-GM-Wuling)
2. Kin (BYD)
3. Mannequin Y (Tesla)
4. Mannequin 3 (Tesla)
5. Han (BYD)
6. Track (BYD)
7. Lee One (Le Auto)
8. EQ (Cherry)
9. Benben EV (Chang’an)
10. Ion S (GAC Motor Spin-off)
11. Ora Black Cat (Nice Wall Motor)
12. P7 (Xpeng)
13. Tang (BYD)
14. Ora Good Cat (Nice Wall Motor)
15. Neza V (Hozon Auto)

With three BYD fashions ranked within the high 10, the BYD Qin sedan has reached gross sales of 187,227 items — and is outselling all Tesla fashions.

Behind the BYD Qin was Tesla’s Mannequin Y, which was launched in China final 12 months and reached the highest of the high-end new vitality SUV class with gross sales of 169,853 items in 2021, in accordance with the affiliation.

Tesla’s Mannequin 3 arrived subsequent 12 months, promoting 150,890 items final 12 months, up about 10% from 2020, information confirmed.

Trading the EV race as trouble at Tesla

Some in China’s auto business have solid doubt on the accuracy of the affiliation’s figures. However the numbers might mirror broader developments.

Li Auto’s hybrid Li One made it to the highest 10 record of latest vitality passenger vehicles, whereas Xpeng’s P7 sedan made it to the highest 15.

A comparatively newcomer to the market, the low-priced, absolutely electrical Nezha V SUV took fifteenth place, pushing the three dearer Nio fashions even additional down within the gross sales rankings.

Neza is a model below start-up Hozon Auto, and closed a 4 billion yuan ($625 million) funding spherical within the fourth quarter. Costs for the Nezha V begin at 62,900 Yuan ($9,722) after subsidies. Compared, Nio’s ES6 SUV begins at 346,660 yuan after subsidies.

Learn extra about electrical autos from CNBC Professional

Supply hyperlink