China New Energy Vehicle (NEV) Market Insights
2026-04-15

In 2025, China‘s automobile production and sales both exceeded 34 million units, hitting a record high, representing a year-over-year (YoY) growth of 9.4%, maintaining the global top position for 17 consecutive years, among which NEV production and sales exceeded 16 million units, accounting for 70.3% of the global total.
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Vehicle
Production
Vehicle
Sales
34.531 MM
YoY growth 10.4%
34.400 MM YoY growth 9.4%
NEV
Production
NEV
Sales
16.622 MM
YoY growth 29%
16.490 MM YoY growth 28.2%

Meanwhile, foreign trade also exhibited strong growth, with annual vehicle exports exceeding 7 million units, among which NEV exports reaching 2.615 million units.

261.5%
Yearly Total
Export Volume
36.8%
NEV Contribution
in Total Exports
103.7%
NEV Export YoY
Growth

Data Source: China Association of Automobile Manufacturers

NEV Sales
BEV PHEV

Reasons for Choosing BEV:

  • 01 Low operating cost
  • 02 Comprehensive nationwide policies
  • 03 Well-developed charging facilities
  • 04 Large industrial scale
  • 05 Simple technical structure
  • NEV Development Trend
    In 2026, we may see products with longer range, faster charging, and higher safety in the NEV market, along with multiple technological upgrades and national policy adjustments. Vehicle purchase cost will also be further reduced by the technological evolution. With the rise of Chinese brands in the global market, the development of NEVs in 2026 is set to achieve more efficient growth.
    Data Source: China Association of Automobile Manufacturers
    Reasons for consumers to choose NEVs
      Domestic consumers' demand when choosing NEVs is primarily around "core performance + cost-driven“. Meanwhile, as consumers are having more and more clear understanding about their own vehicle usage scenarios and practical needs, blindly following the trend is no longer the norm, rational, individualized, and need-based purchasing is gradually becoming the standard. Therefore it’s shifting automaker’s competing landscape from merely on specifications and marketing activities towards a better fit to real usage scenarios.

    Data source: China NEV Consumer Behavior Survey Result
    Key Focus Areas for NEV Improvement
    Domestic consumers’ needs for NEVs are also becoming increasingly diversified. It’s been shifting from a "means of transportation" to a "smart mobile living space“, with core demands being comfort, intelligence, and safety, while the traditional performance metrics have been stepped back to a secondary position.
    Data source: Internal conducted survey
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