China’s electric vehicle (EV) market is currently the global leader in production, sales, and innovation, with new energy vehicles (NEVs) projected to account for nearly half of passenger vehicle sales by early 2025. The market’s growth is propelled by strong government policies, rapid technological advancements, and intense competition among domestic and foreign automakers. This dynamic landscape is detailed in the “Assessment of China’s Electric Vehicle Market 2025” report, which highlights technological breakthroughs in battery technologies and AI-powered systems, as well as strategic investments in infrastructure. Both domestic leaders and international brands are striving to capitalize on the opportunities presented in this rapidly evolving sector.
Elsewhere in the market, Sungrow Power Supply was a standout up 9.1% and finishing the session at CN¥81.60. Meanwhile, Wolong Electric GroupLtd trailed, down 2.8% to end trading at CN¥23.95.
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NIO finished trading at $4.68 up 1.5%.
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Tesla finished trading at $322.27 up 0.7%. This week, a class action lawsuit was filed against Tesla alleging false statements regarding its autonomous driving technology and regulatory scrutiny following incidents with its recently launched Robotaxi service.
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BYD settled at HK$111.20 down 1.4%.
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