“China’s electric vehicle market soared in 2024, with 48% of car sales being EVs, driven by a 40% rise in new energy vehicle sales. Battery electric vehicles (BEVs) held a 25% share, while plug-in hybrids (PHEVs) surged. Government subsidies, competitive pricing, and exports fueled this growth, reshaping global markets.” China’s EV Market Dominates with Record-Breaking … Read more
Global electric vehicle (EV) sales soared by 24% in May 2025, reaching 1.6 million units, driven by China’s record-breaking 1.02 million sales. Europe saw a 27% year-to-date rise, while North America lagged at 3%. Falling battery costs and government incentives fuel optimism, though policy shifts in the US pose challenges. India’s EV market also grew, … Read more
XPeng Inc. delivered 33,525 smart electric vehicles in May 2025, marking a 230% year-over-year surge. The MONA M03 Max, launched on May 28, drove sales with its affordable AI-driven features. Total deliveries for the first five months reached 162,578 units, up 293%. XPeng’s XNGP system achieved an 85% urban penetration rate, reinforcing its lead in … Read more