In the first half of 2025, propelled by vertical integration, swift model updates, and competitive pricing tactics, Chinese domestic manufacturers of new energy vehicles (NEVs) have secured close to 90% of the domestic market share. During this same timeframe, global NEV sales witnessed a 30% year-on-year surge, with China accounting for a staggering 62% of the total sales volume. Meanwhile, the domestic market expanded by 33%.

Delving deeper, battery electric vehicles (BEVs) constituted 61% of the sales, marking a 44% year-on-year increase. On the other hand, plug-in hybrid electric vehicles (PHEVs) comprised 39% of the sales, with a 20% year-on-year uptick.

When juxtaposed with the first half of 2020, the market share of domestic manufacturers has experienced a dramatic leap from 65% to nearly 90%, severely constricting the room for foreign brands. Among these foreign entities, total sales of U.S. automakers plummeted by 13% year-on-year, while German automakers faced a 40% decline. Although Japanese automakers saw a 16% increase in sales, their market share still lingered below 2%.