China’s EV Market: Domestic Brands Near 90% Share as Foreign Rivals Retreat
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.
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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.
The all-electric Mercedes-Benz CLA comes equipped with a single-motor system paired with a two-speed transmission, delivering a CLTC-rated driving range of 866 km.
Xpeng began its global expansion in Norway in 2020 and has already achieved its target of covering 60 countries and regions by the end of 2025 ahead of schedule.
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.
Mercedes-Benz unveiled the all-electric GLC SUV, featuring a new design, advanced technology, and a China-exclusive version with extended wheelbase and localized functions, launching in 2026.
The all-new all-electric Mercedes-Benz GLC debuted in Munich with fast charging and advanced features. It emphasizes intelligent design while remaining competitive in China’s market.
The Mercedes VLE prototype has passed wind tunnel, track, and cross-country road tests.
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.