On June 27, 2025, reports highlighted a significant milestone in China’s electric vehicle (EV) market, with sales reaching 1 million units in May 2025 alone. This figure represents a 33% increase compared to May 2024 and a 10% rise from April 2025, contributing to a year-to-date total of 7.2 million EVs sold globally, with China leading the charge. The surge underscores China’s position as the world’s largest EV market, accounting for over 50% of global EV sales, with an annual total exceeding 11 million units. Key players like BYD reported 382,476 new energy vehicles (NEVs), including EVs and plug-in hybrids, sold globally in May, marking their best month of 2025. BYD’s battery-electric vehicle sales rose 40% in the first five months of 2025 compared to the previous year, while overall NEV sales are projected to reach 22 million units globally by year-end, a 25% increase from 2024. China’s market dominance is supported by domestic demand, with plug-in vehicles reaching a 53% share of total passenger auto sales in May, pulling the 2025 year-to-date share to 49%. Export figures also grew, with 200,000 units shipped in May, an 81% year-over-year increase, though the EV export share remains at 45% compared to a higher domestic proportion. This growth reflects China’s strategic focus on EV production and market expansion.
34news.online
34news.online
