BYD's NEV Dominance

BYD'S NEV DOMINANCE BYD is the clear leader in the BEV category and is completely dominating the PHEV category BYD's share in NEV, by segments, 2022 BEV 5,365k units in total 17% BYD PHEV 1,518k units in total Others 18% GWM 8% Wuling Geely 4% 2% AITO 5% 57% 9% 62% Others 8% BYD Tesla Li Auto 5% 5% GAC Aion Geely Comments BYD sold more PHEVS (946k) than BEVs (911k) in 2022, taking 62% market share of PHEV in 2022. And its PHEV dominance widened in 2023Q1, reaching 65.4%. "Other" PHEV players include sino-foreign JVs like VW, Audi and Mercedes, but none of them has achieved a 1% market share. Source: Desktop research, Automobility analysis Automobility Ltd 26 26

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