China's auto exports are estimated to slow notably this year after holding the export crown for a second year in 2024, with no growth predicted for electric vehicle exports, an auto association official said on Thursday.
Tu Le, founder and managing director at Sino Auto Insights, shares his experience at CES and his predictions for the EV industry in 2025.
China's car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world's largest auto market hit a record high amid a brutal price war and with subsidised trade-ins for greener vehicles driving purchases.
New site signals a potential 30 million ton addition to China's lithium resources, increasing global share from 6 to 16.5 percent.
Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the
China has renewed a trade-in subsidy of up to 20,000 yuan ($2,730) to help underpin sales of fuel-efficient vehicles, including electric cars and hybrids.
Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the sector remains entrenched in a gruelling price war.
Competition in China's electric vehicle (EV) market has intensified right at the start of 2025, with vendors lowering prices and the government offering subsidies to stimulate purchases.
CHINA brands dominated the debuts at the Singapore Motorshow 2025 on Thursday (Jan 9), whether in terms of first-time entrants or new models. Read more at The Business Times.
The outstanding growth in China in a largely stalling global EV landscape bode well for local leaders such as BYD , Geely and Xiaomi
Genesis' GV70 Electrified now qualifies for the full EV tax credit, as do Hyundai's Ioniq 5 and Ioniq 9, and the Kia EV6 and EV9. But those appear to be the only newly qualified EVs for 2025. And the Tesla Cybertruck joins the list as well.