China NEV Retail Hits 1.34M Units in December, Penetration at 59.1%
Specifically for the NEV market, the report points out that China’s share of the world new energy passenger car market was 68.4% in 2025, with the November figure reaching 73.7%.
2026
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FAW Toyota bZ5 Secures Five-Star Rating in Latest C-NCAP Tests
FAW Toyota bZ5 550 Pro recorded an overall score rate of 86.7% in the C-NCAP test.
Huawei-backed Luxeed Confirms V9 Spring Debut as Ex-Denza Chief Comes Aboard
Based on current market expectations, the Luxeed V9 is likely to be priced at around RMB 500,000 ($71,600).
100,000th XPeng P7+ Rolls Off Line, 2026 Model Enters Belgian Market
On the same day, the first batch of the 2026 model year P7+ officially commenced customer deliveries.
NIO, Zeekr and Xiaomi EVs Appear in MIIT Filings as 2026 Race Heats Up
First batch of 2026 model-year filings unveiled.
Geely Hits 4M Sales Milestone in 2025, Eyes US Production for Zeekr, Lynk & Co
Geely Holding is exploring US production and sales, with premium brands Zeekr and Lynk & Co poised to lead market entry.
Xpeng Launches VLA 2.0, Rolls Out Updated P7+, G7 EREV, G6 and G9
XPeng Motors achieved global cumulative deliveries of 429,445 vehicles in 2025, representing a YoY growth rate of 126%.
Chinese Automakers Lay Out Sales Targets for 2026
With the halving of the purchase tax for new energy vehicles and the continued adjustment of the trade-in subsidy policies, automotive consumption is expected to receive sustained policy support.
China NEV Prices Extend Decline in 2025, Average Cut Reaches 11%
In December 2025, NEVs’ average reduction widened to RMB 20,000 ($2,780), pushing the discount rate to a relatively high 14.7%.
NIO Targets Thailand in March, Australia and New Zealand Later This Year
Right-hand-drive markets are now NIO’s short-term expansion priority.