BYD's NEV Dominance

STATE OF CHINA'S AUTO INDUSTRY NEV share of new car sales increased slightly in Q1 2023 China NEV Annual Sales (2012 - 3/2023) (%) Share of NEV NEV Sales 35 (million units) 6.89 7.0 6.5 GN NW 30 25.6% 26.1% 6.0 25 20 5.5 5.0 4.5 15 13.4% 4.0 3.52 10 3.5 5.3% 4.7% 5.4% 5 3.2% 3.0 1.6% 2.1% 0.1% 0.1% 0.4% 2.5 0 2.0 1.59 -5 1.26 1.37 1.21 1.5 0.78 1.0 -10 0.51 0.33 0.5 0.01 0.02 0.08 -15 0.0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023.1-3 NEV share in Q1 of 2022 was 21.7%, and it was 8.2% in 2021. Source: CAAM, Automobility analysis Automobility Ltd 5 LO

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