China NEV Market
China Q1 auto imports see rare 39% year-on-year decline
In the first quarter, China imported 8,870 vehicles from the US, a 66 percent year-on-year decline.
China aims for BEVs to dominate new car sales by 2035
BEVs contributed 27.61 percent of China's passenger car retail sales in 2024.
Chinese NEVs 3-5 years ahead of rest of world, says BYD chairman
Chinese NEVs are about 3-5 years ahead of the rest of the globe, said BYD's Wang Chuanfu, calling for a more open world.
China renews car trade-in subsidies, analysts see more benefit for lower-priced NEV makers
Deutsche Bank analysts expect the subsidies to drive full-year demand growth of 3 million units in 2025 and support double-digit growth in the second and third quarters.
China NEV sales in 2025 estimated to rise by 30% to 16.5 million
China's NEV sales, including exports, are expected to reach about 16.5 million units in 2025, with a penetration rate of more than 50 percent, a think tank expert said.
Automakers' share of China NEV market in Nov: BYD tops with 32.9%, Tesla 4th with 5.8%
In the January-November period, BYD ranked first in China's NEV market with a 34.5 percent share, while Tesla ranked third with a 6.0 percent share.
BYD asks suppliers to cut prices as China EV market set to see tougher competition
BYD is asking some of its passenger car suppliers to lower their parts quotes, as it expects competition in the NEV market to be fiercer in 2025.
China's year-to-date NEV production surpasses 10 million mark
China's NEV production for the full year 2024 is expected to exceed 12 million units.
Automakers' share of China NEV market in Oct: BYD tops with 36.1%, Tesla 7th with 3.4%
In the January-October period, BYD was No. 1 in the NEV market with a 34.8 percent share, while Tesla was No. 3 with a 6.0 percent share.
Automakers' share of China NEV market in Sept: BYD tops with 34.4%, Tesla 4th with 6.4%
In the January-September period, BYD was No. 1 in the NEV market in China with a 34.6 percent share, while Tesla was No. 3 with a 6.5 percent share.
