Mei Ri Jing Ji Xin Wen·2026-01-04 14:21Core Insights - The 2025 Chinese automotive market showcased a "stronger getting stronger, increasing differentiation" trend amid deepening new energy transitions and intense industry competition [1] Group 1: Performance of Leading Companies - BYD achieved sales of 4.6024 million vehicles in 2025, with overseas sales surpassing 1 million for the first time, marking a 145% year-on-year increase in passenger and pickup truck sales [2] - BYD's pure electric vehicle sales reached 2.2567 million units, a nearly 28% increase, surpassing Tesla's 1.636 million units, making BYD the global leader in annual electric vehicle sales [2] - Geely also exceeded its annual sales target, achieving 3.0246 million units sold, a 39% year-on-year increase, with new energy vehicle sales reaching 1.6878 million units, up 90% [2] Group 2: Performance of Other Companies - Dongfeng Motor achieved its dual target of over 1 million new energy vehicles and 1.5 million total vehicle sales, with new energy vehicle sales reaching 1.04 million, a 21% increase [3] - Changan Automobile reported sales of 2.913 million vehicles, a growth of 8.5%, with new energy vehicle sales of 1.109 million, up 51% [5] - Chery Group sold 2.8064 million vehicles, a 7.8% increase, with new energy vehicle sales reaching 903,800 units, a 54.9% increase [5] Group 3: Underperformance of Certain Companies - China FAW achieved a total vehicle sales of 3.302 million, a 3.2% increase, but fell short of its target of 3.45 million [4] - Great Wall Motors reported sales of 1.3237 million vehicles, a 7.33% increase, but only achieved 33.09% of its 4 million target [5][6] - New energy vehicle sales for Great Wall reached 403,700 units, a 25.44% increase, but the overall performance was below expectations [5][6] Group 4: New Forces in the Market - Among new forces, Leap Motor, Xiaomi, and Xpeng all exceeded their annual sales targets, with Leap Motor achieving 596,600 units sold, marking a 119.3% target completion rate [7] - Xiaomi's vehicle deliveries surpassed 50,000 in December 2025, exceeding its annual target of 350,000 [7] - NIO and Li Auto, however, did not meet their targets, with NIO selling 326,000 units and Li Auto selling 406,300 units, both falling short of their respective goals [8][9]