China’s Used-Car Retention Rates Fall in October: Xiaomi SU7, AITO M9 Lead BEV and PHEV Segments
In October, China’s used-car disposal volume reached 842,600 units, up 3.6% month-on-month but down 6.2% year-on-year.
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In October, China’s used-car disposal volume reached 842,600 units, up 3.6% month-on-month but down 6.2% year-on-year.
At the Japan Mobility Show, Japanese automakers unveiled new electrified concepts, yet struggled to detail powertrains, highlighting China’s EV lead.
Racco is expected to start at 2.6 million yen ($17,160), competing with Japanese K-EVs such as the Honda N-Box, Suzuki Spacia, and Nissan Sakura.
Toyota’s China sales have declined for three consecutive years since 2022.
The carbon-emission pooling agreement between Nissan and BYD will remain effective through the end of 2025—the critical assessment period for the EU’s next-phase carbon standards.
BYD’s UK market share rose from 2.2% at the start of the year to 3.6% in September.
While price cuts and discounts have helped BYD expand in China, the same approach may backfire in Japan.
AESC’s power batteries have already supported more than 1 million EVs from Mercedes-Benz, BMW, Nissan, Renault and others. Its energy storage products have been delivered to over 20 countries worldwide, with cumulative shipments exceeding 40 GWh.
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.
Nissan teams up with IAT to localize EV development for global markets, supporting its transition toward electrification and smart mobility.