Why You Shouldn’t Miss Chinese EV Manufacturers in This EV-Dominated Decade
Why Chinese EV Stocks Are Surging — And What’s Driving It
China leads the EV boom: Electric car sales jumped 35% in Q1 2025 — and China accounted for 60% of global sales.
BYD and Xiaomi surge: Chinese EV stocks are soaring on strong earnings, tech innovation, and global expansion.
Tesla’s sharp drop caused notable volatility in our portfolio.
Global electric car sales exceeded 17 million in 2024, and electric car sales increased 35% in the first quarter of 2025 compared to the same period in 2024. More than 4 million electric cars were sold in the first quarter of 2025 as sales grew by 35% compared to the first quarter of 2024, which was higher than the growth rate observed in the first quarters of the previous 2 years. Over 1 million more electric cars were sold in the first three months of 2025 compared to the same period in 2024 and about 60% of these were sold in China.
Beyond its robust domestic market, China has emerged as a leading EV exporter. In 2023, China exported 5.17 million vehicles, with EVs comprising 32% of this total. This trend has only intensified in 2025, solidifying China's dominance in the EV industry.
