During January 2025, domestic retail sales of passenger vehicles in the narrow sense declined to 1.794 million units, marking a 12.1% year-on-year decrease and a 31.9% drop compared to the previous month. Conversely, sales of new energy passenger vehicles in the narrow sense surged to 744,000 units, showcasing a 10.5% year-on-year increase but a 42.9% month-on-month decrease. At the forefront of the new energy vehicle market, BYD, Geely, and Changan emerged as the top three performers. Meanwhile, Tesla China saw its sales dip by 15.5% year-on-year, placing it in sixth position.
