Jinwu Financial News | Zhao Yin International stated that 11 Chinese automotive companies announced their Electric Vehicles sales for December, with a total sales increase of 54% year-on-year and a 5% increase compared to the previous month, of which 9 companies set historical sales records. The organization noted that Li Auto and NIO met expectations, while Xpeng slightly exceeded expectations; BYD, Great Wall, Deep Blue, Leapmotor, ZEEKR, and Xiaomi all achieved historical sales records in Electric Vehicles.

The organization expects that the overall retail sales of Electric Vehicles in the Industry will increase by 13% month-on-month in December to approximately 1.4 million units, with the market share of Electric Vehicles narrowing to 47%. The organization estimates that the retail sales of Electric Vehicles for the whole year of 2024 will grow by 49% year-on-year to approximately 10.9 million units (market share 46%), and continue to grow by 23% to 13.35 million units (market share 58%) in 2025. The organization forecasts that Tesla’s sales in China in December are expected to increase by 16% month-on-month to 0.086 million units, setting a historical high, with annual sales potentially growing 9% year-on-year to approximately 0.67 million units.