Deliveries of electric vehicles outside China rose 18.4% in January and February this year, according to SNE Research. During that period, global shipments of battery electric vehicles and plug-in hybrids in markets excluding China reached 1,132,000 units, compared with the same period last year.
Germany’s Volkswagen Group led the rankings with 173,000 units delivered, a 9.5% increase year-on-year. Stable demand for Volkswagen, Audi, and Skoda models in Europe supported the automaker’s growth.
Chinese automaker BYD claimed second place, driven by rapid expansion in Asia (excluding China) and Europe. The company’s deliveries grew by 80.5% in Asia and 104.1% in Europe, reflecting improved brand awareness in key Southeast Asian and European markets. Local distribution network expansion and competitive pricing have underpinned BYD’s efforts to establish a strong foothold outside its domestic market.
Tesla ranked third with 113,000 units delivered, a 1.1% decline year-on-year. While the company saw growth in parts of Asia, sales in its core markets of North America and Europe fell by 13.1% and 6.6%, respectively.
Hyundai Motor Group took fourth place, delivering 94,000 electric and plug-in hybrid vehicles, an 18.3% increase from the same period last year.
SNE Research noted that the electric vehicle market outside China has registered a compound annual growth rate of 32.9% since 2017. Analysts pointed out that regional policy environments and industrial infrastructures are increasingly shaping market dynamics. Success in this segment is becoming less about broad sales growth and more about the ability to respond to local regulations and execute market-specific strategies, including manufacturing and supply-chain localization.
Source: Business Korea
