>NEV penetration at retail in February was 70 percent for local brands, 23 percent for luxury brands and 4 percent for mainstream JV(joint-venture) brands, according to CPCA.
so the overall EV market share was roughly 50% , b**ut among domestic Chinese companies it was 70%**
**ICE cars are not dying ,they are almost dead among Chinese companies already**
last year saw ICE sales fall 15% in China, while EV sales grew like 40%
foreign firms got slaughtered
**Honda had to close down nearly 20% of its production capacity inside China last year, all of those were gasoline car production capacity**
for VW,Toyota, one third of their sales came from China in 2023, and in 2024 both saw Chinese sales drop nearly 10%
despite VW launching multiple EVs in China and lowering the price of ID4 to as low as 20,000 dollars, its still not enough to prevent the massacre
its a genuinely sad situation for Western car industry
i dont like the CCPs authoritarian rule ,but their car industry is simply slaughtering the Western one with their EV advancements
**its like in Lord of the Rings when the ride of the Rohirrim happens, but there are no oliphants to prevent the Rohirrim**
the comparison isn’t about morality of carmakers,(replace orcs with humans in your mind) but about the battle itself, like there is nothing being able to stop them unless they lock inside the Minas Tirith walls
similar for Western carmakers, their Chinese business is dying ,taking down 1/3 of VW,Toyota,Honda and others sales
but even worse is the fact that once they are finished with them in China, **they will come after them around the world, and tariffs alone wont stop them**
BYD is planning already a 3rd factory in Europe, has 2 in SEA recently online, one in Brazil, and thats just BYD
Geely, SAIC, Great Wall, Xiaomi, Nio plan to open factories abroad to avoid tarrifs as well and win new markets
like i said, its like their plowing through Japanese,German, Italian and Korean carmakers, and there;s very late to dig in and prepare
even Tesla is losing market share in China because the others are ahead of it
2 Comments
The classic we can steal your tech but you can’t steal ours
one statistic that shocked me the most about China’s transition to EVs is that its almost all driven by Chinese companies now
[https://cnevpost.com/2025/03/10/china-feb-2025-nev-retail-cpca/](https://cnevpost.com/2025/03/10/china-feb-2025-nev-retail-cpca/)
>NEV penetration at retail in February was 70 percent for local brands, 23 percent for luxury brands and 4 percent for mainstream JV(joint-venture) brands, according to CPCA.
so the overall EV market share was roughly 50% , b**ut among domestic Chinese companies it was 70%**
**ICE cars are not dying ,they are almost dead among Chinese companies already**
last year saw ICE sales fall 15% in China, while EV sales grew like 40%
foreign firms got slaughtered
**Honda had to close down nearly 20% of its production capacity inside China last year, all of those were gasoline car production capacity**
[https://cnevpost.com/2024/07/26/honda-to-cut-gas-car-capacity-in-china/](https://cnevpost.com/2024/07/26/honda-to-cut-gas-car-capacity-in-china/)
for VW,Toyota, one third of their sales came from China in 2023, and in 2024 both saw Chinese sales drop nearly 10%
despite VW launching multiple EVs in China and lowering the price of ID4 to as low as 20,000 dollars, its still not enough to prevent the massacre
its a genuinely sad situation for Western car industry
i dont like the CCPs authoritarian rule ,but their car industry is simply slaughtering the Western one with their EV advancements
**its like in Lord of the Rings when the ride of the Rohirrim happens, but there are no oliphants to prevent the Rohirrim**
the comparison isn’t about morality of carmakers,(replace orcs with humans in your mind) but about the battle itself, like there is nothing being able to stop them unless they lock inside the Minas Tirith walls
similar for Western carmakers, their Chinese business is dying ,taking down 1/3 of VW,Toyota,Honda and others sales
but even worse is the fact that once they are finished with them in China, **they will come after them around the world, and tariffs alone wont stop them**
BYD is planning already a 3rd factory in Europe, has 2 in SEA recently online, one in Brazil, and thats just BYD
Geely, SAIC, Great Wall, Xiaomi, Nio plan to open factories abroad to avoid tarrifs as well and win new markets
like i said, its like their plowing through Japanese,German, Italian and Korean carmakers, and there;s very late to dig in and prepare
even Tesla is losing market share in China because the others are ahead of it