Overview
- China’s full‑electric vehicle exports jumped 67% to 1.65 million in 2025, with plug‑in and range‑extended shipments tripling to 969,000, while total vehicle exports topped 7 million and domestic sales rose 3.9%, according to industry groups.
- BYD sold 2.26 million EVs globally in 2025, up 28% year over year, as reporting indicated Tesla’s sales fell 16% in Q4 and 9% for the full year, costing it the top‑seller title.
- Canada agreed to allow up to 49,000 China‑built EVs annually at a 6.1% tariff, with the cap set to rise toward 70,000 within five years.
- President Trump reiterated openness to Chinese automakers building factories in the United States, while the Alliance for Automotive Innovation warned that an influx of low‑cost Chinese vehicles could be an “extinction‑level event” for the U.S. auto sector.
- Kelley Blue Book estimates EVs were 7.8% of 2025 U.S. new‑vehicle sales and 5.8% in Q4 after the federal tax credit expired, as GM booked $6 billion in Q4 EV‑related charges and set plans to move Buick Envision production to Kansas City in 2028.