In the European region, the top three countries for Tesla China’s exports in 2024 are Belgium, the UK, and Spain. Belgium saw a YoY increase of 16%, accounting for 53.1% of the total, while the UK and Spain declined by 32% and 61%, respectively. Romania recorded the highest growth, whereas the Netherlands experienced the largest decline.

Excluding the European region, the top 3 countries for Tesla China‘s exports in 2024 are Canada, Australia, and Thailand, with YoY declines of 30%, 27%, and 74%, respectively. The Philippines, UAE, Mexico, and Indonesia are new export destinations for Tesla China in 2024, while Singapore is the only country to record a YoY increase.

At present, the proportion of NEV sales from ZEEKR and LYNK&CO has reached 77%, while ICE sales (all under LYNK & CO) have decreased from 46% in 2023 to 23% in 2024, and are expected to further decline to 10% in 2025.

Zeekr and Lynk & Co ranked 11th and 16th respectively in 2024’s new energy vehicle sales. After merging, their combined sales reached 390,000 units, placing them 6th overall with a market share of 3.2%.

Lynk & Co’s NEV sales focus on the under-250k RMB segment, while ZEEKR targets above-250k RMB. This complementary positioning helps avoid internal competition and is expected to continue in future product planning.

In 2024, Zeekr and Lynk&Co’s total export volume was 11.7k units, a YoY decline of 48.4%. The Netherlands remained the top export destination, but exports to the country dropped by 57%. Looking at the top five countries, Zeekr and Lynk&Co’s primary export region was Europe.