According to the new energy score of China's market in 2021 according to the statistics of the passenger Union, the total new energy score of China's market in 2021 was 8.43 million, an increase of 3.01 million compared with 2020. According to the brand split, the new energy points of independent brands, foreign brands, new power brands and joint venture brands are 4.65 million, 1.58 million, 1.34 million and 860000 respectively, accounting for 55%, 19%, 16% and 10% of the total new energy points in the Chinese market.
Throughout 20182021, the scores of independent brands have performed well, accounting for most of the share, for two reasons: 1) Byd Company Limited(002594) scores have been strong, and the sales of new energy vehicles with rapid increment are the strong support of scores; 2) The adjustment of the new integration algorithm can promote the integration of domestic entry-level models.
Meanwhile, the share of independent brand points has decreased from 86% in 2018 to 55% in 2021, mainly due to the rise of Tesla and new forces. The share of new energy points of foreign brands represented by Tesla increased from 0% to 19%, mainly due to Tesla's entry into the Chinese market and the rapid increase in sales after entry; The share of new power brands composed of Weilai, Xiaopeng and ideal increased from 5% to 16%, mainly due to the improvement of sales volume and mileage.
