EV Company News For The Month Of February 2025

2025-03-05 09:25:36 ET

Summary

• Global electric car sales Jan. 2025 up 18% YoY to 19% share. China sales up 11% to 42% share. Europe up 18% to 24% share. USA up 7.4% to 10.38%.
• EV market news - China’s demand for electric big rigs is booming.
• EV company news - BYD becomes 3rd best-selling auto brand in the world, released its new “God’s Eye” intelligent driving assistance system. Tesla's Europe sales slump.
• Volkswagen targets an entry-level electric car (ID.1) for about €20,000 in 2027. Changan unveils smart driving strategy, to launch 35 smart cars in the next 3 years. Leapmotor logs 285% YoY soar in Feb. auto deliveries. XPENG reports 570% YoY sales surge in Feb. 2025.

Welcome to the February 2025 edition of Electric Vehicle [EV] company news.

The past month saw a reasonable start to 2025 EV sales, noting Chinese New Year interrupted late Jan-early Feb. sales.

Plugin electric car sales as of end January 2025

Global plugin electric car sales were over 1.2 million in January 2025, up 18% on January 2024 sales. Global plugin electric car market share in January was 19% , and 19% YTD (for 2025).

China plugin electric car sales were 774,000 in January 2025, up 11% on January 2024 sales. Plugin electric car market share in China for January was 42% , and 42% YTD (for 2025)....

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