Lates News

Lin Huaibin, Deputy Director of Sales Forecast for S&P Global Automotive China, said at the 2025 China Automobile Forum that the market penetration rate of new energy vehicles is expected to reach 57% this year, with the share of plug-in hybrid models (PHEV) expected to be lower than last year. In the following 2 to 3 years, as inventory is cleared out, the growth rate of PHEV models will further slow down.