China JV Automakers Deepen Local Ties, Struggle to Regain EV Share
Joint ventures in China’s automotive market face challenges, adapting to local EV strategies while seeing declining market shares.
Latest in EV news, technologies, data and insights from China market
Joint ventures in China’s automotive market face challenges, adapting to local EV strategies while seeing declining market shares.
After more than a decade, China’s NEV purchase tax exemption policy has ended, leaving the auto market noticeably subdued in January.
The latest financing will primarily be allocated to battery asset management, technology research and development, and resource recycling initiatives.
China’s 2026 NEV market shows a marked shift from January, with Tesla Model Y losing its top position.
As major global automakers release their 2025 sales figures, BYD’s annual sales of 4.602 million vehicles make it the first Chinese automaker to enter the global top six by volume.
In January, the top 15 NEV automakers sold a combined 909,000 units, accounting for 96.2% of total NEV sales.
The technology operates across a wide temperature range of -40°C to 50°C, with capacity fade limited to under 10% versus room temperature performance.
Lei Jun reaffirmed the annual delivery target of 550,000 units and announced multiple new models launching this year.
VW also pledged export caps and EU-based EV investments tied to industrial and climate targets, with the Commission concluding the arrangement would not harm EU industry.
William Li projected NIO’s future growth outlook: aiming to maintain annual growth of 40%-50%.