China’s electric vehicle market has rapidly transformed, asserting itself as a global leader in production, sales, and technological advancement. By early 2025, new energy vehicles, including battery electric and plug-in hybrid vehicles, make up nearly half of all passenger vehicle sales in the country. This growth is fueled by strong government policies, strategic subsidies, and investments in infrastructure, alongside ambitious electrification goals in major cities. Leading domestic companies like BYD, NIO, XPeng, and Geely are driving innovation, particularly in battery technology and autonomous driving. Meanwhile, international players such as Tesla and Volkswagen continue to invest significantly, recognizing China’s prominence in the EV landscape.
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Geely Automobile Holdings last closed at HK$14.32 up 2.6%.
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BYD last closed at HK$335.20 up 1.5%.
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Tesla last closed at $221.86 down 4.9%.
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NIO last closed at $3.14 down 6.5%, not far from its 52-week low.
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XPeng last closed at $16.42 down 7.4%.
In other trading, Continental was a notable mover up 4.6% and finishing the session at €61.50. On Tuesday, the company announced plans to make ContiTech independent during a shareholder and analyst call. At the same time, Delta Electronics softened, down 8.4% to finish the session at NT$279.50, hovering around its 52-week low.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.