The release of 2025 annual reports reveals a sector plagued by overcapacity and historic low profit margins, accelerating a fierce push into overseas markets
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Major Chinese automakers have reported shrinking profits for 2025, despite rising revenues. Photo: VCG
Three most profitable carmakers last year all report double-digit profit declines, but rosier export forecast improves outlook.
Beijing warned the practice of selling new cars with zero miles at a sharp discount in the used car market is just the latest…
The EV maker faces a crowed market, with rivals like XPeng and Telsa, which have all cut prices.
Electric vehicle makers in China, led by the country's market leader BYD, have been engaged in a bruising price war.
In China’s overheated EV market, a flood of new entrants and deep price cuts—many led by BYD—have eroded margins and triggered…
From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller second-quarter losses as discounts lured more…
