China's EV Revolution: A Race to 2026 and Beyond
Analysis
Key Takeaways
- •China's EV market penetration surpassed 50% in 2025, marking a significant shift.
- •Domestic brands like BYD, Geely, and emerging players are reshaping the market landscape.
- •The focus is shifting from government subsidies to market-driven innovation, especially in intelligent driving features.
“2025: Not only a victory for electric vehicles over gasoline cars, but also a deep impact from the Chinese industry chain, rapid iteration, and user-centric thinking on traditional car manufacturing models.”