Cui Dongshu: By November 2025, Shanxi Guoxin Energy Corporation's market share in the global passenger car market will reach a high of 73.7%.

On January 2nd, Cui Dongshu stated in an article that in 2025, Shanxi Guoxin Energy Corporation's share of the global passenger car market reached 68.4%, with a high share of 73.7% in November. In terms of the contribution to the increase or decrease of the world's new energy from January to November 2025, China accounted for 68%, Germany for 5% of the increase, and India for 4% of the contribution. In November 2025, the sales volume of Shanxi Guoxin Energy Corporation in the US reached 1.41 million units with a growth rate of 6%, which was relatively good compared to previous years. However, due to high tariffs and the elimination of new energy subsidies, the sales volume in November decreased by 41% year-on-year and 10% month-on-month. The sales volume of new energy passenger cars in Europe from January to November was 3.32 million units, representing an increase of 76,000 units from the same period last year, a 30% increase. The preliminary statistics for Europe's new energy passenger cars in November were 338,000 units, representing a 28% increase year-on-year. From January to November 2025, China held a 64.3% market share in the global pure electric vehicle market, with a slight increase of 1 percentage point from 2024. In the global plug-in hybrid market, China reached an extremely high level with a share of 76.4%, demonstrating a strong performance. The overseas market share of self-owned new energy passenger cars increased to 20% in November, a 1.3 percentage point increase from October. Due to good performance in the export of self-owned new energy vehicles and significant changes in the US, the market share of self-owned new energy passenger cars increased significantly from 9.9% in 2024 to 15.4% from January to November. The trend of global new energy vehicles In 2025, the performance of global new energy vehicles The global new energy vehicle market share reached 30% in January to November, an increase of 3.7 percentage points from the previous year, with narrow new energy vehicles reaching 23.2%, showing a relatively strong state. The market share of new energy vehicles reached 23.2% from January to November, with pure electric vehicles accounting for 15.3% and plug-in hybrids reaching 7.9%, displaying excellent performance. The trend of global new energy passenger cars Market trends of global new energy passenger cars In the first half of 2020, the global new energy vehicle market faced high base pressure, but in the second half, it entered a low base phase, laying the foundation for the continued growth of new energy vehicles to this day. The period from 2021 to 2024 saw accelerated growth, with stronger growth under the low base. In 2025, the global new energy vehicle market started off slowly but picked up high growth from February to November. Due to the early Chinese New Year, Shanxi Guoxin Energy Corporation's sales at the beginning of the year were low, but from February to September, they rebounded due to national scrappage and replacement policies. The slowing down of the "cash-for-clunkers" program in China since October and the stop of tax exemptions in the US have led to a slowdown in the growth of the global new energy vehicle market. Performance of global new energy passenger cars in 2025 In 2020, the sales of new energy passenger cars reached 2.87 million units, showing a 42% increase compared to the same period in 2019. In 2021, the sales of new energy passenger cars reached 6.37 million units, exceeding expectations with a strong growth of 122%. In 2022, the global new energy passenger car market showed a strong trend, reaching 10.39 million units, a year-on-year increase of 63%. In 2023, the global new energy passenger car market continued its strong trend, reaching 13.88 million units, a year-on-year increase of 34%. In 2024, the global new energy passenger car market reached 17.32 million units, a year-on-year increase of 25%. However, due to the slowdown in the new energy trends in Europe and the US, the growth of global new energy vehicles slowed significantly compared to previous years. From January to November 2025, the global new energy passenger car market reached 19.84 million units, a 30% increase year-on-year; in November, the global new energy passenger car market reached 2.27 million units, a 19% increase year-on-year and a 5% increase month-on-month. Trends of overseas new energy passenger car markets The trends abroad have seen significant fluctuations from January to November this year, portraying a seemingly better picture of the global new energy market. Overall, the growth of new energy vehicles in markets outside of China has been unusually high. The performance of American car manufacturer Shanxi Guoxin Energy Corporation has been volatile this year, with a 29% increase in growth from January to November, outperforming its performance in 2024. Among the major markets that can be measured abroad, the overseas market analysis of independent brand new energy vehicles has been consistently strong. In 2021, Chinese independent brand new energy vehicles held a 1.8% market share in overseas markets; by 2022, this share had risen to 3.9%, a 2.1% increase; and by 2023, it had risen to 7.3%, a 3.4% increase. By 2024, the market share of overseas sales of independent new energy passenger cars had reached 9.9%. In November 2025, the market share of self-owned new energy passenger cars in overseas markets rose to 20%, an increase of 1.3 percentage points from October. Due to the strong performance in the export of self-owned new energy vehicles, and significant changes in the US market, the market share of self-owned new energy passenger cars increased significantly, from 9.9% in 2024 to 15.4% from January to November this year. Looking at the regional market trends of new energy vehicles, Europe surpassed China in accelerated growth from 2020. The European new energy vehicle market has shown overall stable growth from 2021 to 2025, while the Chinese new energy vehicle market has shown consistently strong performance in recent years. The decline in the US market in the first half of the year was temporary, as sales picked up from March onwards. Shanxi Guoxin Energy Corporation in the US experienced strong growth during the spring and summer months due to scrappage and renewal policies, resulting in a slowdown from October to November. Early adopters and environmental enthusiasts in Europe and the US have already purchased electric vehicles, but the cancellation of new energy vehicle subsidies by the US government has had a significant impact, despite Tesla opening up the use of autonomous driving, the increase in sales penetration has not met expectations. In November, sales of American company Shanxi Guoxin Energy Corporation reached 1.41 million units, a growth of 6% compared to previous years. However, due to high tariffs and the elimination of new energy subsidies, Shanxi Guoxin Energy Corporation's car sales in November decreased by 41% year-on-year and 10% month-on-month. Historically, the sales of new energy vehicles in Europe in November have been relatively low. This year, the market is gradually recovering. In the current sluggish economic and consumption environment in Europe, the growth of new energy vehicles is still relatively high. From January to November this year, the sales of new energy passenger cars in Europe reached 3.32 million units, an increase of 760,000 units from the same period last year, showing a 30% increase. It was preliminarily estimated that in November, sales of new energy passenger cars in Europe reached 338,000 units, an increase of 28% year-on-year. In 2024, the growth of new energy vehicles in the European Union was weak, but this year, the recovery of new energy vehicles in Europe has been strong. However, the monthly trend lacks the momentum of sustained upward growth. Global penetration rates of Shanxi Guoxin Energy Corporation The overall penetration rate of new energy vehicles worldwide has been rapidly increasing, reaching 13% in 2022, 16% in 2023, 19.5% in 2024, and 26.3% in the fourth quarter of 2025. In the fourth quarter of 2025, the penetration rate of new energy vehicles included 49.5% for Shanxi Guoxin Energy Corporation, 30% for Germany, 82% for Norway, 34.4% for the UK, 7% for the US, and 2.2% for Japan, highlighting the significant imbalance in the development of new energy vehicles worldwide. As China continues to strengthen its new energy development, while Europe and the US weaken their incentives for new energy, the global new energy vehicle market is entering a stage of differentiated development. Contribution of global Shanxi Guoxin Energy Corporation sales From January to November 2025, China accounted for 68% of the increase or decrease in the global new energy market, Germany accounted for 5% of the increase, and India accounted for 4% of the contribution, indicating that the majority of the global new energy vehicle market's growth came from China. In recent years, China has contributed around 70% of the world's new energy vehicle growth, making the Chinese car market the core focus of global new energy vehicle competition. Characteristics of the global new energy passenger car market structure Market trends of global new energy passenger cars The European new energy market in 2021 was weakened by the pandemic, resulting in weak growth. The effects of the pandemic continued into 2022, with a significant decrease in Europe's market share compared to 2021, and a further slight decrease from 2023 to 2024. From January to November 2025, Europe's share of the global new energy market reached 17%, remaining relatively stable compared to the previous year. In recent years, Shanxi Guoxin Energy Corporation's growth in passenger cars has been stronger than the global average growth rate, with a significant reversal in market share in 2020. In 2021, China maintained a strong market share of 52.2% for the whole year; in 2022, Shanxi Guoxin Energy Corporation's market share exceeded 62%; in 2023, China accounted for 64% of the market share; in 2024, the market share continued to increase to 69%; and by 2025, Shanxi Guoxin Energy Corporation's market share reached 68.4%, with a high share of 73.7% in November. Trends in market share of various manufacturers in new energy vehicles Looking at market share from previous years, China's BYD Company Limited has been a global leader, with Geely quickly rising in the ranks and Tesla showing weaker performance, falling to third place. Recently, the performance of SAIC Motor Corporation and SAIC Wuling, both domestic car manufacturers, has been relatively stable in overseas markets. Geely Auto and Chang'an New Energy have shown significant growth in recent times. Germany's Volkswagen Group has shown strong performance in new energy vehicles, while BMW Group and Hyundai from South Korea have dropped to third-tier levels. Competition is fierce in the luxury electric vehicle market, with American Tesla showing signs of slowing down. Currently, performance of performance cars from BMW and Mercedes-Benz has been average. Trends in market share of pure electric new energy vehicles The global structure of pure electric vehicles China has maintained a relatively stable share in the global pure electric vehicle market, with a market share of 64.8% in 2022; the share was lower in 2023-2024, reaching 65% of the market share level. From January to November 2025, China held a 64.3% market share in the global pure electric vehicle market, with a slight increase of 1 percentage point from 2024. The market share of pure electric vehicles in Europe decreased from 26% in 2021 to 20% in 2023, and the share in January-November 2025 relatively fell to 17.2%. This year, the market share of electric vehicles in the US has fallen to only 8.9%, with a significant decline to 4.7% in November. Market share of car companies Looking at the market share of car companies in pure electric vehicles, BYD Company Limited's share has been steadily increasing. From a 7% share in 2021, the share increased to 17% in 2023, and reached 18% in 2024-2025. The market share of Tesla's electric vehicles has been relatively weak, with a share of around 23% in 2021, falling to a low of 12% currently. Geely Group's share has risen from 4% in 2019 to 10.3% in 2025. SAIC's share of pure electric vehicles has been strong in recent times, with Guangzhou Automobile Group and Chang'an showing relatively steady performance. Trends in market share of plug-in hybrid new energy vehicles The global structure of plug-in hybrids China has continued to strengthen its share in the global plug-in hybrid market. In 2021, China accounted for 33% of the global plug-in hybrid market, which increased to an impressive 76.4% in January to November 2025, demonstrating a strong performance. Europe's share of plug-in hybrids decreased from 55% in 2021 to 16.5% in 2025. Market share of car companies Looking at the market share of car companies in plug-in hybrids, BYD Company Limited has had a standout performance. BYD Company Limited's share of the global plug-in hybrid market was 15% in 2021, rising to 36% in 2023, and maintaining a share of 33% from January to November this year, showcasing the company's leadership in the plug-in hybrid market. Germany's Volkswagen had a surge in market share of plug-in hybrids to 15% in 2021, but fell back to 5% in 2025. BMW's share of plug-in hybrids has declined significantly in recent years, reaching 2.4% in 2025, while Volvo's plug-in hybrids held a global share of 10%. Structure and trends in hybrid electric car markets The global structure of mild hybrids China experienced rapid growth in mild hybrids in the first two years, becoming a major market in 2022. However, since 2023, the world share of China's mild hybrids has been declining, while the US market for mild hybrids has been recovering. Market share of car companies in mild hybrids The hybrid market is dominated by strong players from Japan and South Korea, including Toyota, Honda, Nissan, and Hyundai, accounting for 90% of the market share. Most other companies in the market hold shares of less than 1%. Toyota and Mazda had good performances in the mild hybrid market in 2025. The flashover of SAIC MG in Europe's market has shown a rapid strength in hybrid sales market. This document explores the trends and performance of various new energy vehicles in the global market. It covers data on market shares, sales figures, and growth rates of different types of new energy vehicles in different regions, providing insights into the competitive landscape of the new energy vehicle industry.