China's Late-Year EV Sales Boom Gives Way to Rocky 2025
Financial Express Lucknow|January 03, 2025
CHINESE ELECTRIC VEHICLE makers led by BYD saw a late-2024 sales boom that's set to give way to another bruising year as carmakers face risks to demand both at home and abroad.
BLOOMBERG

Industry heavyweight BYD shipped a record 4.27 million EVs and plug-in hybrids last year. Meanwhile, Li Auto delivered more than 500,000 cars, and Stellantis NV partner Leapmotor doubled sales to more than 293,700.

Other popular marques, including Nio and Xpeng, fell short of their targets despite the end-of-year pick up in demand. Zhejiang Geely Holding Group's premium electric car brand Zeekr saw sales climb 87% to 222,123 last year, missing its 230,000 goal.

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