China Sets New PlugIn Electric Car Sales Record In October 2018

first_imgOctober brings a huge record for the BAIC EC-Series, which the new version (with 30 kWh battery) priced at around $25,000 before subsidies went through the roof. 20,648 were sold last month (a new record for a plug-in model in a single month).New highs were set by BYD Tang (6,037) and BYD Yuan (5,803). Fourth and fifth place in October were taken by the Hawtai EV160 (5,736 – new record) and Chery eQ (5,547 – best result in 2018).Plug-in electric car sales in China – October 2018Source: EV Sales Blog Total sales are expected to exceed 1,000,000 this year.China has not only set a new all-time record for plug-in electric car sales in October, but beat the previous one from September by a huge margin of 14% or about 14,500.The total result is roughly 119,400 (up 85% year-over-year) at very high 5.8% market share (also a new record)!Taking into consideration sales of almost 751,000 during the first 10 months of 2018 (at average 3.6% market share), there is a big chance to exceed 1,000,000 in 2018 (sales in the last months of the year are usually the highest in China).More from China China’s New Rules Will Punish Automakers Who Don’t Meet Electric Quota Tesla Model 3 Performance Pricing Announced For China Source: Electric Vehicle News In October 2018 BYD Set 5th Straight Plug-In Electric Car Sales Record Author Liberty Access TechnologiesPosted on November 20, 2018Categories Electric Vehicle Newslast_img read more