Jan.–Sept. deliveries up 30.0% year-on-year; Europe surges 32.2%
Volkswagen, Tesla separated by about 5,000 units
Hyundai Motor Group delivers 574,000 units, up 19.5%
Global electric vehicle deliveries outside China reached 7.334 million units in the first nine months of this year, according to market research firm SNE Research.
That figure represents a 30.0 percent increase from 5.641 million units in the same period last year. Deliveries in September alone came to 1.044 million units, up 28.5 percent from a year earlier.
By vehicle type, battery electric vehicles accounted for 5.487 million units, up 33.4 percent, while plug-in hybrid electric vehicles reached 1.847 million units, up 21.0 percent. The BEV share of total deliveries rose from 72.9 percent to 74.8 percent.
By automaker group, Volkswagen held the top spot with 949,000 units, a 4.0 percent increase year-on-year, though its market share slipped 3.3 percentage points to 12.9 percent. Tesla ranked second with 944,000 units, up 20.2 percent, matching Volkswagen's 12.9 percent share — a gap of roughly 5,000 units between the two. SNE Research said fourth-quarter results would likely determine which company finishes the year ahead.
BYD climbed to third place with 856,000 units, a 77.0 percent increase, lifting its market share from 8.6 percent to 11.7 percent.
Hyundai Motor Group ranked fourth with 574,000 units, up 19.5 percent, driven by a 23.4 percent gain in Europe and a 64.3 percent increase in Asia excluding China. The group's lead over fifth-place Geely stood at roughly 77,000 units.
Chinese automaker groups posted particularly strong growth. Chery surged 284.0 percent to 324,000 units, the highest growth rate among the top 10 groups, while Geely rose 65.8 percent to 498,000 units. Combined with BYD, the three Chinese groups saw their collective market share climb from 15.4 percent to 22.9 percent.
Toyota delivered 306,000 units, up 63.7 percent, and BMW posted 406,000 units, up 4.2 percent, while Stellantis fell 5.7 percent to 362,000 units.
By region, Europe led all markets with 3.954 million units, up 32.2 percent. Asia recorded 1.498 million units, a 74.7 percent increase, with South Korea — the region's largest market — growing 69.4 percent.
North America, by contrast, saw deliveries fall 25.2 percent to 1.115 million units, with its market share dropping 11.2 percentage points to 15.2 percent. US deliveries declined 31.6 percent. SNE Research said the steep drop reflected a comparison against the third quarter of last year, when purchases were pulled forward ahead of the expiration of tax credits.
Looking ahead, SNE Research said the pace of recovery in the US market, the durability of European demand, and discussions over local production requirements in Europe would all influence individual automakers' market share through year-end.
eyre@heraldcorp.com
