Story perspectives
China's EV Sales Dip 5% Amid Weakening Demand
8/12/2025
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Story summary
- China's electric vehicle (EV) sales decreased by 5% in July, totaling 1.26 million units.
- Consumer demand weakened as average discounts fell from 17.4% to 16.7%.
- BYD, the market leader, experienced a 10% sales decline from June.
- Tesla's market share dropped to 4.1%, down from 5.5% in June.
- New energy vehicles (NEVs) comprised 48.7% of the market, showing a 27.4% year-on-year growth.
