Overview

• China's electric vehicle market is on track to exceed 50% of new car sales in 2025, driven by state subsidies, tax waivers, and infrastructure investments.
• BYD leads the Chinese EV market with a 29% share, selling nearly 700,000 vehicles in Q1 2025, outpacing Tesla and legacy automakers.
• The Shanghai Auto Show 2025 features over 100 new EV models and innovations, including advanced infotainment systems and autonomous driving technologies.
• A fatal March crash involving a Xiaomi autopilot vehicle has intensified scrutiny on self-driving systems, prompting stricter safety regulations in China.
• Foreign automakers like Mercedes-Benz and Volkswagen unveil China-specific technologies, but face mounting competition from domestic brands and trade barriers in Europe and Russia.