Etiqueta: Xiaomi Auto

2025 Guangzhou Auto Show: Lei Jun's Absence, Huawei's Qiankun and New Energy in the Spotlight

In 2025H1, the global NEV market continued to grow, with a remarkable YOY increase of 25%. By country/region, China's NEV sales in H1 2025 remained the global leader, with a penetration rate of 46.6%. Policy support and price wars drove strong growth among domestic brands, and exports reached record highs. In Europe, market demand showed signs of recovery, but NEV growth was only in the low single digits due to subsidy reductions and supply chain bottlenecks, while Chinese automakers accelerated localized layouts to capture market share. The U.S. NEV market lagged behind China and Europe, with high interest rates and policy uncertainty suppressing its potential. Emerging markets such as Southeast Asia and Latin America showed early signs of explosive growth.

China's new-energy vehicle (NEV) market penetration rate hit a record 44.3 percent in the first half of 2025, a new historical high for the same period, the CCTV News reported on Monday, citing information from the China Machinery Industry Federation.

According to its latest filing with the Hong Kong Stock Exchange, BYD produced 317,892 vehicles globally last month—a 0.9 per cent decline compared to July 2024.

The 2025 Shanghai International Automobile Industry Exhibition, or Auto Shanghai, will open on a record-breaking scale on Wednesday. With over 100 world premieres in the spotlight, it will serve as a global showcase of automotive innovation and cutting-edge technologies, while highlighting China’s key role in promoting international cooperation and its firm commitment to opening-up policies, according to a Chinese expert.

The Chinese automotive market sustained its growth momentum as automakers posted record-breaking sales figures for March, with competition notably intensifying in the new energy vehicle sector.