NIO or Li Auto: Which Chinese EV Maker Has an Edge Now?

China's new-energy vehicle (NEV) market — comprising battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) — continues to sizzle. More than 11 million NEVs were sold in the country last year, up 40.7% from 2023, per China Passenger Car Association (CPCA). In the first quarter of 2025, sales of passenger NEVs in China were estimated at 2.86 million units, up 43% from the year-ago period, per CPCA.Government subsidies and rising consumer demand for cleaner transportation backed the growth. But as compe ...