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

BEIJING—China cemented its global lead in electric vehicles in 2025 with local brands grabbing further share from foreign carmakers in the world’s biggest car market. Nearly 13 million full EVs and plug-in hybrids were sold in China last year, accounting for 54% of the market. Because the leading EV makers—apart from Tesla (TSLA)—are Chinese companies such as BYD and Geely (GELYF), the electrification trend helped Chinese brands take nearly two-thirds of the passenger-car market. Most Read from The Wall ...