China’s EV dominance at home is squeezing out foreign carmakers

Group 1: Market Overview - China solidified its position as the global leader in electric vehicles (EVs) in 2025, with local brands increasing their market share at the expense of foreign carmakers [1] - Nearly 13 million full EVs and plug-in hybrids were sold in China last year, representing 54% of the market [1] - Sales of EVs and plug-ins in China rose by 18%, contrasting with a slowdown in the U.S. and Europe [2][5] Group 2: Competitive Landscape - Chinese brands, such as BYD and Geely, are leading the EV market, capturing nearly two-thirds of the passenger-car market due to their strengths in intelligent-vehicle features and rapid product updates [1][3] - Analysts predict that the share of electric and plug-in cars in China could rise to around 75% by 2030, potentially pushing many foreign carmakers out of the market [4] - Foreign carmakers are restructuring their operations in China, with Volkswagen halting production at a plant in Nanjing and General Motors planning to close plants [7] Group 3: Sales Comparisons - Pure electric vehicle sales in China reached 7.9 million last year, significantly outpacing the estimated U.S. sales of 1.3 million EVs in 2025 [6]