On March 14, Bloomberg reported that leading Chinese electric vehicle (EV) manufacturers, including Xiaomi, Geely, NIO, and Xpeng, have demonstrated remarkable resilience in the face of tariff threats from the United States and Europe. Notably, in 2024, all four companies witnessed an upsurge in vehicle deliveries. Macquarie highlighted that China's auto exports kicked off 2025 with significant momentum, recording a 46% jump in EV exports. Furthermore, the China Passenger Car Association estimated that in February of the same year, China's auto retail sales rose by 26% year-on-year, with new energy vehicle sales surging an impressive 85%.
