Tag: Chinese Market

China’s Auto Sales Surpass 38% in October, Dominating Global Market
Industry & Business, News

China’s Auto Sales Surpass 38% in October, Dominating Global Market

As the global automotive industry continues to evolve, China has solidified its position as a powerhouse. In October 2025, the country claimed an impressive 38% of the world’s auto sales market, marking another milestone for Chinese automakers.Key TakeawaysChina's global market share reached 38% in October 2025 with over 1 million units sold month-on-month.The country’s EV sales surged to record levels, making up almost half of all new vehicle purchases.Three Chinese automakers made it into the top ten globally, reflecting a shift towards Asian leadership.In October alone, China's auto market saw 3.3 million units sold, accounting for nearly one-third of global sales. The year-on-year increase in EVs was particularly notable at 20%, with BYD leading the pack as the sixth-largest automaker ...
Tesla’s November Sales in China Surge by Nearly 10%
EV & Electric Cars, News

Tesla’s November Sales in China Surge by Nearly 10%

<a href="https://autoglobalnews.com/renault-5-shines-as-top-selling-electric-car-in-france-outpacing-tesla-model-y/" style="color:#1a73e8;text-decoration:underline;" title="Renault 5 Shines as Top-Selling Electric Car in France, Outp">Tesla saw a significant rebound in its sales performance in China during the month of November, with wholesale volumes rising to 86,700 units. This represents a year-over-year increase of 9.95% and a monthly jump of 40.98%, according to data from the China Passenger Car Association (CPCA).Key TakeawaysTesla's November sales in China surged by nearly 10%Sales growth was driven mainly by demand for Model Y, with delivery wait times extending into early next year.The company is urging buyers to secure orders before December 31st due to upcoming change...
Xiaomi EV Surpasses 40,000 Units for Third Consecutive Month
EV & Electric Cars, News

Xiaomi EV Surpasses 40,000 Units for Third Consecutive Month

Xiaomi EV has once again reported November deliveries exceeding the 40,000-unit mark, marking its third consecutive month of strong performance. This milestone follows a record-breaking October with 48,654 units delivered and September's first-ever surpassing of 40,000 units.Key TakeawaysXiaomi EV has achieved three consecutive months of over 40,000 unit deliveries.The company added 17 new stores in November and plans to open 36 more by the end of December.Xiaomi's first model, the SU7 sedan, was launched on March 28, 2024, positioning it as a direct competitor to Tesla's Model 3.Since its entry into the electric vehicle market in 2024, Xiaomi EV has rapidly expanded its retail footprint. In November alone, the company added 17 new stores across China, bringing their total number of locati...
Leapmotor B05 Electric Hatchback Launches in China at $13,100
Industry & Business, News

Leapmotor B05 Electric Hatchback Launches in China at $13,100

Leapmotor has unveiled its latest offering, the B05 electric hatchback, marking a significant entry into the competitive Chinese EV market. The vehicle is priced competitively from 97,800 yuan (approximately USD 13,800) for the base model and up to 121,800 yuan ($17,200) for the top-tier variant, with early bird discounts available.Key TakeawaysThe B05 is offered in five trim levels catering to diverse customer needs and budgets.The vehicle features a range of 515 km to 605 km CLTC, depending on the battery pack size.The top-tier model includes advanced driver-assistance systems with LiDAR and a 200 TOPS computing platform.With its launch, Leapmotor positions itself as a formidable competitor in the compact EV segment. The B05 is built on the LEAP 3.5 platform, boasting dimensions of 4,430...
Weltmeister Reboots with $27M Sales Hub and EV Models Revival
Industry & Business, News, SUV & Crossovers

Weltmeister Reboots with $27M Sales Hub and EV Models Revival

Chinese electric vehicle startup Weltmeister has taken a significant step towards recovery by setting up a new sales subsidiary in Wenzhou, China. The company invested USD 27 million to establish ZhimaXing (Wenzhou) New Energy Vehicle Sales Co., Ltd., which will oversee various aspects of the EV business including sales and infrastructure.Key Takeaways$27 million investment for a new sales subsidiary in Wenzhou, ChinaNew models EX5 SUV and E5 sedan set to resume productionAims to introduce over ten new EV models across different segments by 2030Weltmeister’s latest move comes after a period of financial restructuring. The company has now secured the necessary resources to restart manufacturing for its popular EX5 compact electric SUV and E5 fully electric sedan, both of which will be produ...
BMW Considers Range Extenders for Top Models in China
EV & Electric Cars, News

BMW Considers Range Extenders for Top Models in China

According to Bloomberg, BMW is contemplating the introduction of range extender technology in some of its electric models, particularly targeting the Chinese market. This move could see larger vehicle lines like the X5 SUV and 7 Series sedan equipped with both battery-electric power and a small combustion engine for extended driving ranges.The news comes from unnamed sources familiar with BMW's strategy. While the company has not confirmed these plans outright, it did say that they continuously analyze market trends, customer needs, and technological potentials without providing specific details about range extenders. This cautious approach leaves room for speculation but also suggests a serious consideration of the technology.BMW’s interest in range extender technology is partly driven by...