According to TrendForce Jibang Consulting statistics, global sales of new energy vehicles (NEVs; including pure electric vehicles, plug-in hybrid electric vehicles, and hydrogen fuel cell vehicles) totaled 2.842 million units in the first quarter of 2024, an annual increase of 16.9%. This is the first time in the past three years that an annual increase of less than 20% in a single quarter. Among them, sales of pure electric vehicles (BEVs) were 1.8 million units, an increase of 4.2% per year, while sales of plug-in hybrid electric vehicles (PHEVs) were 1.041 million units, an increase of 48.3% per year. In the pure electric vehicle segment, Tesla won the championship with a market share of 21.5%, and BYD (excluding Tense) ranked second, with a market share of 16.6%. However, looking at the annual growth rate, Tesla is -8.5% and BYD is 13.3%. SAIC-GM-Wuling ranked third, and BMW jumped to fourth place for the first time, increasing sales by 41.1% over the same period last year. In the plug-in hybrid electric vehicle segment, the BYD brand continues to be the PHEV sales leader. There was an increase in the first quarter compared to the same period last year, but its market share declined slightly.