3rd May 2024 – (Tel Aviv) Chinese automotive brands have surged ahead, capturing a significant share of the imported passenger vehicle segment in the first four months of 2024. According to data from the Israel Vehicle Importers Association, Chinese brands sold a combined total of 24,442 vehicles, spanning both gasoline and electric models, during this period.
This development places China at the forefront of Israel’s automotive import market, outpacing traditional automotive giants South Korea and Japan, which ranked second and third respectively in terms of total vehicle imports into Israel.
Leading the charge in the electric vehicle (EV) sector is BYD Auto, a Chinese manufacturer renowned for its innovation in the electric mobility space. BYD Auto topped the electric car sales chart in Israel, selling 7,873 units, primarily consisting of its popular Atto 3 subcompact crossover and the Dolphin hatchback. This performance not only underscores BYD’s growing international appeal but also its dominance in the electric vehicle market within Israel.
Further solidifying the Chinese foothold, BYD also secured the third position in Israel’s overall car sales from January to April 2024, a tally that includes both gasoline and electric vehicles. This marks a significant achievement and highlights the brand’s versatility and appeal across different vehicle categories.
Another Chinese entity making significant inroads into the Israeli market is MG Motor, which is owned by the Chinese company SAIC Motor but based in Britain. MG Motor ascended to the second spot in the ranking of electric car sales in Israel for the first time, with a robust sale of 2,756 units across five models in the same four-month period.
Additionally, Geely Auto Group, another stalwart in the Chinese automotive industry, claimed the third spot in electric car sales with its Geometry C compact crossover. Geely sold 2,182 units of this model, further cementing the dominance of Chinese EVs in the Israeli market.
In total, Chinese electric vehicles constituted a staggering 70.9 per cent of all-electric car sales in Israel in the first four months of 2024, with 19,119 units sold. This overwhelming market share not only illustrates the growing popularity of Chinese electric vehicles but also reflects a significant shift in consumer preference within Israel’s automotive market.
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