Previously dominated by Mercedes-Benz, BMW, and Audi, the 300k+ yuan passenger vehicle segment has seen Chinese automakers collectively moving upmarket amid the explosive growth of NEVs. Mercedes-Benz, BMW, and Audi’s market share in this segment has dropped from 56.1% in…
Since the Onvo L60 began deliveries last September, its sales have not brought a qualitative improvement to NIO. In the BEV market, NIO’s market share has dropped from a peak of 4.1% last year to around 2.7-2.8% currently.NIO’s mainstay models…
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…