NIO Q1 Revenue Drop & Model Sales Plunge
The SUV market in the C/D segment in China has been developing at a rapid pace in recent years, showing a growth rate of more than two digits each year from 2020 to 2024. It is estimated that the total…
Tag EREV
BYD Battery External Supply Growth
According to retail data, BYD’s battery usage reached approximately 16 GWh in the first two months of 2025, a YoY increase of 36.7%, with BEV accounting for 69% and EREV/PHEV 31%. In the BEV market, vehicles using BYD’s 125-140Wh/kg battery…
CATL Battery Market Trend
In 2024, CATL’s battery usage in China’s passenger vehicle market reached 223 GWh, securing the top position with a market share of 43.3%. In 2024, CATL’s usage of ternary lithium and LFP batteries accounted for 61% and 39%, respectively. The…
2024 New Energy Vehicle Market Report
In 2024, the Chinese passenger vehicle market achieved cumulative sales of 27.1 million units, reflecting a 6.1% YoY growth. This marks the fourth consecutive year of growth. The New Energy Vehicle market achieved total sales of 12.2 million units, representing…
2024 New Energy Vehicle Market Data & Forecast
The Chinese passenger vehicle market has maintained stable growth, with sales expected to reach 26.8M units in 2024, up 4.9% YoY. As of Oct 2024, NEV sales have reached 9.2M units, and full-year sales are expected to surpass 12M, with…
Passenger Vehicle Sales and Production Report in Oct 2024
In Oct 2024, the production and sales volumes reached 2.648M and 2.732M units, respectively, indicating continued market growth. Over the first ten months, cumulative production saw a 3% increase, while cumulative sales rose by 4%. China brands wholesaled 1.9M units…
Passenger Vehicle Export Volume Report in Sep 2024
China’s passenger vehicle exports were 386k units, +1.5% MoM and +16.1% YoY.The outlook for 2024 is positive, with cumulative exports at 3,127k units by Sept, +26.6% YoY. ICE exports were 281k units (-0.1% MoM), PHEV/EREV exports were 19k units (-3.6%…
Passenger Vehicle Sales and Production Report in Sep 2024
In Sept, production reached 2.42M units, and wholesale reached 2.5M units Chinese brands wholesaled 1.68M units (+17% MoM), EU-US brands 519K units (+13% MoM), and J-K brands 301K units (+16% MoM). With the strong rise of Chinese brands, sales of…
Insights and Forecasts for the Plug-in Vehicle Market in 2023
Plug-in hybrids lead the acceleration over other markets, with the trend of replacing conventional energy continuing to gain momentum. In contrast to the stable expansion of the pure EV sector, plug-in hybrid vehicles have risen as an unexpected contender. In…