On July 20, 2025, China adjusted the consumption tax on ultra-luxury cars, lowering the threshold to a retail price of 900k yuan (excl. VAT). This has resulted in ultra-luxury cars with a domestic retail price (incl. VAT) ranging from 1,017k…
Since its entry into the Chinese market in 2021, Tesla Model Y has developed rapidly by virtue of its excellent product strength. However, due to the aging of the model, insufficient product competitiveness, and the aggressive pursuit by Chinese automakers,…
Per Thinkercar data, major new car-making brands saw higher July purchase benefits. NIO’s per-car benefit reached 70k yuan, up 16.4% from the prior period; Huawei HIMA brands also increased. Brands like Xiaomi, Li Auto, and Xpeng, which performed well in…
In the first five months of 2025, global sales of Volkswagen BEVs reached 163K units, up 15.8% YoY. While the Chinese market continued to decline, dropping 48.2% YoY, other global markets performed well, surging 73.5% YoY. Benefiting from the decline…
As of May 2025, BYD topped global BEV sales with 894K units, outperforming Tesla’s 603K by a 291K margin. BYD grew 41% YoY vs. Tesla’s 22% decline. In 2025, while BYD maintained a 39% year-on-year growth in the China market,…
As of May 2025, 114 new vehicles will be launched in the Chinese market. Among them, up to 25 new energy SUVs in the C/C+ segment will be introduced, making it the sub-market with the largest number of model launches.…
Against the backdrop of a widespread sales decline among major JV brands in the first four months of 2025, Toyota emerged as the sole brand to achieve year-on-year growth. It recorded a cumulative sales volume of 469K units, representing a…
With the acceleration of the renewal pace of NEVs in China, the transaction scale of used NEVs has been continuously increasing. It is expected that the trading volume of used NEVs throughout 2025 will reach 1,043K units, with a penetration…
The SUV market in the C/D segment in China has been developing at a rapid pace in recent years, showing a growth rate of more than two digits each year from 2020 to 2024. It is estimated that the total…
From 2020–2023, 500k+ yuan vehicles’ sales volume stabilized at 850k–890k units, accounting for 4.2%–4.6% market share. 2024 saw a plunge to 677k units due to economic headwinds and consumer retrenchment. Despite China’s 2025 macro targets supporting high-end demand, recovery momentum…
