More than 3.2 million new plug-in electric cars registered in Q1 2024, 25% higher than the previous year. Top five groups make up over half, but their market share decreased.
BYD leads with 624,000+ registrations, followed by Tesla with 386,000+ units. Geely-Volvo, Volkswagen, and SAIC are also major players in the plug-in market.
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