Zhi Tong Cai Jing·2025-12-04 02:29Core Insights - The global sales of new energy passenger vehicles reached 17.36 million units from January to October 2025, representing a year-on-year increase of 30% [1][8] - In October 2025, global sales of new energy passenger vehicles were 2.11 million units, showing a year-on-year increase of 17% but a month-on-month decrease of 3% [1][8] - The market share of new energy vehicles in China is projected to be 68% by 2025, with a significant share of 75% in October 2025 [1][25] - The penetration rate of new energy vehicles globally is expected to reach 25.2% by the fourth quarter of 2025, with China leading at 49% [1][20] Global Market Performance - The contribution of China to the global increase in new energy vehicles from January to October 2025 is 68%, while Germany and the UK contribute 5% and 4% respectively [2][23] - The overall penetration rate of new energy vehicles in the world has been rapidly increasing, reaching 13% in 2022, 16% in 2023, and projected to reach 19.5% in 2024 [1][20] Regional Insights - The U.S. new energy vehicle sales reached 1.4 million units from January to October 2025, with a growth rate of 10%, but saw a significant drop in October with sales of 93,000 units, down 32% year-on-year and 51% month-on-month [18][1] - In Europe, new energy vehicle sales for the same period reached 2.91 million units, a year-on-year increase of 28% [19][1] Company Performance - BYD continues to lead the global market with a share of 22.3% in 2025, while Tesla's share has declined to 8.6% [26] - Geely and Changan are showing strong performance in the new energy sector, while traditional automakers like Volkswagen and BMW are facing challenges [27][26] Export Trends - The share of Chinese autonomous new energy vehicles in overseas markets increased from 8.7% in 2024 to 13.8% in 2025, with a notable rise to 17.7% in October 2025 [12][1]