Latest in EV news, technologies, data and insights from China market
In August, retail sales of NEVs reached 1.101 million units, up 7.5% YoY and 11.6% MoM, with a retail penetration rate of 55.2%, an increase of 1.5 percentage points from a year earlier.
The Hefei super factory has ramped up monthly capacity to 2,000 units, bringing the overall delivery lead time for the Maextro S800 down to two to three months.
Last week saw a broad dip in sales, driven by delivery scheduling at the start of the month.
In H1 2025, China’s NEV market thrived, led by Buick GL8 PHEV. Joint ventures faced challenges but adapted locally, enhancing competitiveness amid growing demand.
The sales volume in the new energy market was approximately 976,000 vehicles, up 10.5% yoy and down 12.1% mom, performing slightly better than the overall market.
Chery is steadily marching towards the goal of becoming one of the top ten global automobile brands.
With over 35,000 units sold in just 39 days, the Sealion 06 has quickly become BYD’s latest blockbuster.
NIO Inc. expects to deliver 87,000 to 91,000 vehicles in Q3, with revenue projected between RMB 21.81 billion ($3.04 billion) and RMB 22.88 billion ($3.19 billion).
In September, new models like Li i6 and AITO M7 debuted, impacting the NEV market. Sales reports reveal varied completion rates among automakers, highlighting competition.
BYD remains firmly at the top of the sales rankings, Tesla rebounds, and emerging NEV brands generally continue an upward trend.