Electronics Weekly
BEV sales grew 45% YoY to reach 2.67 million units. BYD maintained its lead over Telsa in BEV sales with a 15.4% market share, to Tesla’s 12.6%. Geely ranked third with its BEV sales growing 443% YoY.
XPeng ranked sixth and Xiaomi made a notable debut in the rankings, reaching eighth place with a single model.
Among non-Chinese automakers, Volkswagen came in fifth, with sales rising 41% YoY. BMW was seventh and Hyundai tenth.
PHEV sales total 1.35 million units, up 28%, YoYBYD brand led the PHEV market with a 38.7% market share. Geely rose to third place, thanks to a 61% QoQ and 158% YoY increase in sales from its Galaxy lineup.
Bit all Chinese brands fared equally. AITO, backed by Huawei’s Harmony Intelligent Mobility Alliance (HIMA), dropped to seventh place with a 47% YoY sales decline.
Deepal and Lynk & Co both fell out of the top 10, with Lynk & Co seeing a 25% YoY sales contraction.
TrendForce forecasts 2025 global NEV sales to reach 19.47 million units, up 19.6% YoY.
