BEIJING — China’s electric car boom is ending in 2025 on a soft note, with sales dipping and analysts warning that a fierce price war is likely to persist.
Not only did Tesla
see its sales drop by 7.4% from a year ago, but market leader BYD also reported a 5.1% decline, according to data from the China Passenger Car Association covering January through November.
’s passenger car sales in November alone fell by an even steeper 26.5% from a year ago, while newer rivals, including vehicles powered by Huawei software and models from Xiaomi
, recorded sales growth of more than 90% during the same period.
