Chinese EV Makers Ramp Up in Germany as BYD, Leapmotor Sales Triple in March
Chinese EV makers are rapidly gaining traction in Germany, with BYD and Leapmotor posting triple-digit growth in March.
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Chinese EV makers are rapidly gaining traction in Germany, with BYD and Leapmotor posting triple-digit growth in March.
Among the top ten automotive brands by sales in Australia in February, four were Chinese brands.
The residual value rate for pure electric vehicles fell from 46.8% in January to 46.2%, while plug-in hybrid models declined from 44.8% to 44.5%.
As price advantages narrow, Chinese brands holding 22% of Thailand’s market are shifting away from subsidy-driven competition.
The model is expected to target the RMB 150,000–200,000 ($21,800–$29,060) EV coupe segment, differentiating itself from the fuel-powered MG7.
After more than a decade, China’s NEV purchase tax exemption policy has ended, leaving the auto market noticeably subdued in January.
According to the brand’s plan, starting from 2026, MG will launch 13 new energy models over three years, covering sedan and SUV segments within the 80,000 to 300,000 RMB price range.
The MG4 Semi-Solid-State Anxin Edition is equipped with a 53.95 kWh manganese-based lithium-ion semi-solid-state battery jointly developed by SAIC and QingTao Energy.