Reported about 1 year ago
On July 1, several Chinese electric vehicle manufacturers reported their June sales figures, with BYD leading the pack with a 35.02% year-on-year increase to 340,000 units. Analysts predict continued strength in the second half of the year, with smaller manufacturers gradually exiting and an improved supply-demand landscape. Other notable performers included SAIC Group and Ideal Automobile. Tesla China's latest sales data is still awaited. Ideal Automobile secured a leading position among US-listed EV giants, surpassing Nio and Xpeng in June deliveries. Xiaomi's EV division also performed well, expecting to surpass 10,000 deliveries in July. Overall, the market outlook remains positive for domestic demand in China's EV sector with potential accelerated overseas demand by 2025.
Source: YAHOO