BYD Sales Slide 41% as NIO, Zeekr Post Sharp Gains in Feb Delivery Race
February saw stagnant sales for NEV makers, with mixed year-on-year growth and market preparation ahead.
Latest in EV news, technologies, data and insights from China market
February saw stagnant sales for NEV makers, with mixed year-on-year growth and market preparation ahead.
Chinese automakers’ market share in Mexico surged from near zero in 2020 to around 10% in 2025.
China’s 2026 NEV market shows a marked shift from January, with Tesla Model Y losing its top position.
In addition to solid-state lithium batteries, BYD is also advancing sodium-ion battery development in parallel, mass production determined by market demand.
Sunwoda expects the settlement to impact its net profit attributable to shareholders in 2025 by RMB 500–800 million ($72–115 million).
China sold 34.35 million vehicles in 2025, widening its lead over the U.S., India, and Japan.
In the reported three-month period, Volvo’s EV models together accounted for 49% of total deliveries, with BEVs representing 24% and PHEVs 25%.
For Geely, localized production in Europe could cut costs and reduce tariff exposure, as Chinese carmakers accelerate regional manufacturing strategies across the continent.
Australia’s EV market saw a major shake-up in January, as Chinese brands claimed four of the top six spots in EV sales, led by BYD’s first-ever No.1 ranking.
The transaction does not require regulatory approval and is expected to close by February 5, 2026.