Reported 3 days ago
Chinese electric vehicle manufacturers experienced significant sales growth in late 2024, led by BYD, which sold 4.27 million vehicles. However, the outlook for 2025 appears rocky, with projections of only a 2% increase in passenger car sales due to decreased demand domestically and internationally, growing trade tensions, and increased competition. Carmakers are expected to focus on introducing new models to attract consumers as they navigate a challenging market environment.
Source: YAHOO