China Used-Car Sales Fall in Feb, Tesla Tops 3-Year BEV Retention Ranking
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%.
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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%.
The robotics team, codenamed “Nexus,” was formed after hardware specialist He Junpei from NineRay and Xpeng joined the company in 2025.
With BYD expanding and more Chinese automakers entering, including Chery, Geely and SAIC, competition in the UK EV market is increasingly intensifying.
In January 2026, Chinese-branded new energy passenger vehicles accounted for 28.3% of overseas sales, up 7.5
If negotiations succeed, the 20.7% additional duty could be replaced by a minimum import price mechanism.
BYD achieved this milestone even as the EU slaps a 27% tariff on China-made EVs, with growth driven by the budget-friendly Dolphin Surf.
The price easing reflects mounting sales pressure on traditional luxury brands. In 2025, Audi’s sales declined 5% year on year, while Mercedes-Benz and BMW fell 19% and 12.5%, respectively.
Chinese brands sold a combined 70,465 vehicles in Europe in January, up 80% YoY, lifting market share from 4% in January 2025 to 7.4%.
The draft aims to rein in minimalist, screen-dominated interiors popularized by Tesla and adopted by Xiaomi and BYD, amid concerns over driver distraction and system reliability.
China’s 2026 NEV market shows a marked shift from January, with Tesla Model Y losing its top position.