EV Company News For The Month Of March 2025

2025-04-04 14:02:30 ET

Summary

• Global electric car sales Feb. 2025 up 49% YoY to 19% share. China sales up 56% to 50% share. Europe up 17% to 25% share. USA up 14.9% to 9.54%.
• EV market news - Industrial Action Plan for the European automotive sector. Trump hits auto imports with a 25% tariff, which includes key auto parts.
• EV company news - BYD's 'Super e-Platform' can charge as fast as pumping gas, aims to sell 5.5 million cars in 2025. New Tesla Model Y bestseller in China.
• Zeekr unveils new charger with charging speed expected to exceed BYD's 1-MW tech. Volkswagen launches a new budget electric vehicle brand at the €20K price point.
• Li Auto aims to sell 700,000 cars in 2025. Leapmotor delivered 293,724 units in 2024, up 103.8% YoY. Xiaomi EV raises 2025 delivery target to 350,000 units.

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

The past month saw lots of political news that will impact the global auto markets. We also got news that February global plugin electric car sales grew a whopping 49% YoY (albeit from a lower 2024 base due to CNY timing).

Plugin Electric Car Sales As Of End February 2025

Global plugin electric car sales were 1.2 million in February 2025, up 49% on February 2024 sales. Global plugin electric car market share in February was 19% , and 19% YTD (for 2025).

China plugin electric car sales were 686,000 in February 2025, up 56% on February 2024 sales (NB: These were impacted negatively by 2024 CNY timing). Plugin electric car market share in China for February was 50% , and 45% YTD (for 2025)....

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