➀ The UK's absence of car import tariffs, unlike the EU and US, attracts Chinese automakers, with projections suggesting 25% market share by 2030;
➁ MG (owned by SAIC), Chery, and BYD dominate UK sales, with BYD's September sales surging 880% YoY, making the UK its largest non-China market;
➂ BYD's competitively priced EVs (e.g., Dolphin Surf EV at £18,650) undercut European rivals like Citroen and Tesla, leveraging the UK's lack of domestic brand loyalty.
➀ Q2 NEV sales surged 30% YoY to 4.868 million units, with hybrids boosting total NEV sales to 6.456 million, representing 29% of global auto sales;
➁ BYD retained dominance with 18.3% market share (43% growth), while Tesla saw a 14% decline; Geely, Leapmotor, and XPeng achieved record sales, and Xiaomi entered the top 10;
➂ The US plans to end EV subsidies, and TrendForce forecasts slower NEV growth (21% in 2025, dropping to 14% in 2026).
➀ Chinese car companies are expanding overseas production to bypass tariffs, with BYD building a $1 billion plant in Turkey for EU market access;
➁ Geely, SAIC, Chery Auto, and others are establishing factories in Thailand, Malaysia, Europe, and other regions to strengthen global presence;
➂ Dongfeng and FAW are negotiating production in Italy and Egypt, signaling aggressive global manufacturing strategies amid trade challenges.
➀ Researchers from RWTH Aachen University analyzed the battery designs of Tesla and BYD, two major players in the EV market, by disassembling their batteries.
➁ The study found that Tesla's batteries prioritize high energy density and performance, whereas BYD's focus on space efficiency and lower-cost materials.
➂ Despite differences, both batteries share some similarities such as using laser welding for connecting thin electrode foils.
➀ In 2024, EV and fuel cell vehicle sales grew by 25% to reach 16.9 million units, with China's market share expanding to 67%;
➁ Tesla maintained its top position in BEV sales, followed by BYD and SAIC-GM-Wuling, which saw significant growth;
➂ BYD dominated the PHEV segment with a 38% market share, and the industry is expected to see consolidation and potential mergers in 2025.
