CounterPoint Report: In the second quarter of 2025, China’s new energy vehicle (NEV) sales are projected to account for 63% of the total automotive market. This significant growth reflects a 26% increase compared to the previous year.
Battery Electric Vehicles (BEVs) continue to dominate, contributing to two-thirds of the total NEV sales. During this period, BEV sales are expected to rise by 31%, while Plug-in Hybrid Electric Vehicles (PHEVs) will see a growth of 17%.
According to the report, NEV sales in the second quarter of 2025 are expected to exceed 24%, marking a 20% increase compared to the same period last year. The primary drivers of this growth are the increasing popularity of electric vehicles across the market.
In terms of sales by brand, China remains the leading market for NEVs, with a 63% share, followed by Europe and the United States. The top three NEV models expected to lead sales in the second quarter of 2025 are the Tesla Model Y, BYD Han, and BYD Dolphin.
In detail, the Tesla Model Y is expected to maintain its position as the top-selling NEV in China, with a market share of around 22%. This model is anticipated to achieve sales of over 850,000 units, representing a 15% increase compared to the previous year.
Meanwhile, BYD Han and Dolphin are also projected to perform well, with respective market shares of 10% and 8%. Both models are gaining traction due to their competitive pricing and robust features.
As for market trends, the significant increase in NEV sales in China is attributed to the growing demand for electric vehicles, supported by government incentives and advancements in battery technology.
Overall, the automotive industry is witnessing a transformation as electric vehicle adoption accelerates, positioning China as a global leader in the NEV market.
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