Lates News

According to a report from Bernstein analysts, it is estimated that China's wholesale sales of passenger cars in 2025 will be approximately 29.5 million, an 8% increase. This includes 24 million domestic sales and 5.5 million exports. Bernstein believes that despite the electric vehicle penetration rate approaching 50%, the bank remains optimistic about the continued popularity of electric vehicles because currently, electric vehicles are priced lower than traditional vehicles, making them an increasingly attractive choice for Chinese consumers. BYD and Xiaomi Group are still Bernstein's preferred "outperform" stocks in the electric vehicle sector. BYD's strong performance overseas is offsetting pressure in the domestic market, while BYD's battery sales to major customers such as Xpeng Motors and Xiaomi Group are also strong. Bernstein is optimistic about Xiaomi Group's long-term potential in electric vehicle development after launching the YU7 model.