Latest in EV news, technologies, data and insights from China market
From January to August, the top three selling RMB 300,000 ($42,000) electric SUVs were the Tesla Model Y, NIO ES6, and Luxeed R7. However, the rapid sales growth of the Xiaomi YU7 is poised to shake up this ranking.
In H1 2025, global NEV sales grew 30%, with China leading at 62% market share. Domestic automakers dominate, posing challenges for foreign brands facing declining sales.
Mercedes-Benz plans to launch dozens of new or updated models by 2027, covering combustion, hybrid, and fully electric powertrains.
XPeng Motors has launched localized production in Europe at Magna’s Graz plant, enhancing its competitiveness with the G6 and G9 models while expanding its overseas presence to 46 countries.
Mercedes-Benz plans to bring the solid-state battery technology to mass production within the next five years.
In 2025, the all-new all-electric Mercedes-Benz GLC SUV, tailored for Chinese consumers, aims to sustain its competitive edge amid rising domestic NEVs, asserting strong sales.
The new BMW iX3, launching globally in 2025, features a dedicated electric platform, advanced technology, and an impressive range, with over 40 new models planned by 2027.
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 all-new BMW iX3, debuting on September 5, features significant design and technology advancements, highlighting the brand’s future electric strategy and innovative powertrains.
Mercedes-Benz reported a net profit of €2.7 billion ($2.95 billion) for the first half of this year, down 55.8% from €6.1 billion ($6.67 billion) a year earlier.