China’s Auto Market Soars: How Local Brands Like BYD and Geely Are Reshaping the Landscape

2025 m. gegužės 12 d., 03:17

China’s automotive market is transforming, with an impressive 14.5% year-on-year growth in passenger vehicle sales as of April 2025, totaling 1.755 million units. Despite a monthly sales dip of 9.4%, domestic brands now capture 65.5% of the market share, showcasing a shift in consumer preference toward home-grown brands. BYD leads the market with 269,000 units sold and...