The automotive industry in China remains a cornerstone of its economy, especially in the electric mobility sector. According to the Center of Automotive Management (CAM), over 25% of new cars sold in China are expected to be electric, solidifying the country’s role as a global leader in alternative drive systems.
However, competition is intensifying. German manufacturers not only contend with each other but also face a surge of domestic rivals. The market’s fierce nature has already led to bankruptcies among some Chinese manufacturers.
Adding to the challenges are growing trade tensions with key partners like the EU, which have negatively impacted China’s electric vehicle exports. Industry leaders are urging the government to extend trade concessions for older vehicles to boost domestic sales.
Even industry giant BYD, despite a late-2024 sales boom and strengthened market leadership, faces mounting challenges in 2025 as it continues to edge out smaller suppliers.
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