BYD's NEV Dominance

STATE OF CHINA'S AUTO INDUSTRY PV market is racing to the middle, with affordable upgrades available in the aftermath of the price war Retail PV sales, by segments, 2022Q1 - 2023Q1 2022Q1 2023Q1 -42.0% -17.0% -20.0% -14.0% +319.0% -39.0% A00 AO A B C Sedan AO A B C AO A B C SUV MPV Comments Total retail PV sales declined 13% yearly in 2023Q1. The biggest declines are in the A00 Sedan and A0 MPV segment, and the C SUV segment has increased 319%. PV customers who were shopping entry level vehicles are now racing to the middle market. And the demand for family vehicles is still strong after doubling growth in 2022. Source: Desktop research, Automobility analysis Automobility Ltd 21

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