Core Insights - The global sales volume of new energy vehicles (NEVs) is projected to reach 5.39 million units in Q3 2025, representing a year-on-year increase of 31% [1] - Battery electric vehicles (BEVs) are expected to account for 3.71 million units sold, marking a 48% year-on-year growth, while plug-in hybrid electric vehicles (PHEVs) are forecasted to reach 1.67 million units, with a 4% increase [1] - TrendForce anticipates that global NEV sales will total 20.43 million units in 2025, reflecting an approximate 25% year-on-year growth [1] - The electric vehicle market is expected to face regional disparities in 2026 due to adjustments in subsidy policies, particularly with the end of subsidies in the U.S., which may lead to a market decline [1] - Despite these challenges, the overall trend towards electrification is expected to continue, with global NEV sales projected to rise to 22.8 million units in 2026, representing a 12% year-on-year increase [1]

Group 1 - In Q2 2025, global sales of new energy vehicles (NEVs) reached 4.868 million units, a year-on-year increase of 30% [1] - The sales of battery electric vehicles (BEVs) reached 3.28 million units, growing by 39% year-on-year, with BYD holding the largest market share at 18.3% [1] - The total electric vehicle (EV) sales, including hybrid electric vehicles (HEVs), reached 6.456 million units, accounting for 29% of global automobile sales [1] Group 2 - In Q2 2025, global sales of plug-in hybrid electric vehicles (PHEVs) were 1.587 million units, a year-on-year increase of 15% [2] - BYD's market share in the PHEV segment decreased from nearly 40% to 28.9%, with its sales declining by 12% year-on-year [2] - The introduction of the new model N9 by BYD's sub-brand Tengshi led to a 41% increase in sales, allowing it to enter the top ten for the quarter [2] Group 3 - In the U.S. market, the end of electric vehicle subsidies on September 30 is expected to impact the growth prospects of the EV industry [3] - The global sales forecast for NEVs in 2025 is 19.7 million units, representing a 21% year-on-year increase, with growth expected to slow to 14% in 2026 [3]