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China autos make inroads overseas
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The year 2025 marked a tipping point as Chinese mainland sales of new-energy vehicles inched past those of internal combustion for the first time. Production and sales of electric and hybrid vehicles each surpassed the 10-million-unit mark, solidifying China’s dominance in the global market of green cars.
The transition was exceptionally swift and earlier than industry expectations.
The year’s dynamism was showcased at a record-breaking Shanghai Auto Show, which drew global attention and demonstrated the domestic industry’s clout in competing with traditionally dominant foreign automakers. BYD retained its crown as the world’s largest electric-vehicle maker.
The industry boom also fueled a brutal, yearlong price war that ate into some company profits and accelerated sector consolidation. Some carmakers, like Neta’s HiPhi, fell by the wayside. The winners are those developing and applying advanced “smart driving” technologies.
Looking to 2026, new-energy vehicles are forecast to sustain robust sales, amid estimates of 15 percent growth from 2025. However, the growth will be challenged by a downscaling of government subsidies on green vehicles, beginning on Thursday.
With the mainland market looking increasingly saturated and competitive, Chinese carmakers are looking abroad to keep sales figures rising strongly. Exports volume is forecast to increase as much as 40 percent, as China brands take their models to Southeast Asia, the Middle East, South America and Europe.
The future of both domestic and foreign sales is expected to rely heavily on application of artificial intelligence to motoring, with increasing deployment of advanced autonomous features and the integration of sophisticated AI in cockpits.
Carmakers are also preparing themselves for more relaxed government regulation on self-driving cars, with robotaxi firms leading the way both at home and overseas.
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