BYD's NEV Dominance

STATE OF CHINA'S AUTO INDUSTRY A clear separation is emerging among the Smart EV players in China since their recent launches Sales of EV new forces, rolling 6m average Mar. 2021 Mar. 2023 - (units) Li Auto NIO Xpeng NIO ET5, EC6, ES8 P5,G9 小鹏汽车理想 L7,L8,L9 Mar Jun Sep Dec Mar Comments Jun Sep Dec Mar 10,000 The sales trend of three EV new forces went very differently after the second tie in September 2022 mainly due their product strategies. All three brands have launched new models during June to September 2022. And Tesla has started its price war in China in October 2022. Automobility Ltd 18

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