Wilson: New Energy Vehicle Industry Monthly Report in June 2023

Overall performance of the new energy market

• In June, pure electric vehicle sales were approximately 449,000 units, up 11.8% year-on-year and 17.8% month-on-month; plug-in hybrid vehicle sales were approximately 204,000 units, up 102.8% year-on-year and 14.0% month-on-month.
• In 2023, the cumulative sales of new energy vehicles reached 2.937 million units, a year-on-year increase of 40.0%.

Top 10 cities in terms of sales volume of new energy passenger vehicles

• In June, sales in the top 10 cities accounted for 31.7%, up 1.7% from the previous month (30.0%); the top three cities were Shanghai, Shenzhen and Beijing; among them, Tianjin (68.7%) had the highest year-on-year growth rate.
• In terms of fuel type, sales in the TOP10 cities are mostly pure electric, with the proportion of pure electric sales in Shanghai remaining above 90%; in terms of ownership, the majority are individual users.
• The top three cities with the highest new energy penetration rate this month are Shenzhen (50.8%), Hangzhou (48.8%) and Shanghai (47.5%); the city with the lowest penetration rate is Tianjin (33.0%)

• In June, the top three pure electric vehicle market segments were: A (17.1%), B-SUV (16.0%), and A-SUV (15.8%). Compared with the previous month, the market share of B-SUV (+3.7%) and B (+2.3%) increased significantly, mainly driven by MODEL Y (domestic) and MODEL 3 (domestic); A0 (-2.5%) decreased significantly.
• Compared with the same period last year, the A0 market share increased from 3.0% to 13.9%, while the A00 market share shrank from 23.7% to 11.3%.

• In June, individual users accounted for 71.8% of the pure electric vehicle market, a year-on-year increase of 3.5%; corporate users accounted for 11.2%, a year-on-year increase of 33.1%.
• In total, the pure electric market is dominated by individual users, accounting for 72.1%; corporate users account for 11.6%.

Important developments of new energy related companies this month

Major event for new energy enterprises: BYD launches new brand Fangchengbao

• On June 9, BYD officially announced that its professional personalized brand was officially named "Fangchengbao", which was previously referred to as "F Brand" within BYD. The new brand is BYD's key layout to complete the full coverage of "from home use to luxury, from mass to personalized".

• On June 27, RoboSense and GAC Group officially signed a cooperation agreement, reaching a strategic cooperation in the new energy vehicle and intelligent connected vehicle industry chain, concentrating the advantageous resources of the industry chain to empower the global automotive intelligent transformation.
  

Major event for new energy enterprises: CATL and Changan Automobile jointly established the Contemporary Changan Power Battery Company

• On June 28, Contemporary Amperex Technology Co., Ltd. was established with a registered capital of RMB 1.5 billion. The company is jointly held by Contemporary Amperex Technology Co., Ltd., DeepBlue Automotive Technology Co., Ltd., and Changan Automobile.

The State Council issued guidance on further building a high-quality charging infrastructure system

• On June 19, the General Office of the State Council issued the "Guiding Opinions on Further Building a High-Quality Charging Infrastructure System", proposing that a high-quality charging infrastructure system should be further built in accordance with the basic principles of scientific layout, moderate advancement, innovative integration, safety and convenience.