China's Domestic EV Market Will Continue to Grow in 2H25 -- Market Talk

Dow Jones

May 29, 2025

0239 GMT - Sales of electric vehicles and hybrid cars in China will likely rise 55% in the second half of the year compared with the first half, Citi analysts write in a note. There will likely be strong export growth in the sector as well, they add. If recent price cuts by major EV makers such as BYD, Zhejiang Leapmotor and Chongqing Changan Automobile can help lift the EV penetration rate to 60% in the third quarter, supply and demand would be in equilibrium again, they say. A rise in competition would accelerate market consolidation and reinforce BYD's leading market position, thanks to its unique product pricing power and leading cost advantages, Citi says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

May 28, 2025 22:39 ET (02:39 GMT)

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There will likely be strong export growth in the sector as well, they add. If recent price cuts by major EV makers such as BYD, Zhejiang Leapmotor and Chongqing Changan Automobile can help lift the EV penetration rate to 60% in the third quarter, supply and demand would be in equilibrium again, they say. A rise in competition would accelerate market consolidation and reinforce BYD's leading market position, thanks to its unique product pricing power and leading cost advantages, Citi says. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2025 22:39 ET (02:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Domestic EV Market Will Continue to Grow in 2H25 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Domestic EV Market Will Continue to Grow in 2H25 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-29 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0239 GMT - Sales of electric vehicles and hybrid cars in China will likely rise 55% in the second half of the year compared with the first half, Citi analysts write in a note. There will likely be strong export growth in the sector as well, they add. If recent price cuts by major EV makers such as BYD, Zhejiang Leapmotor and Chongqing Changan Automobile can help lift the EV penetration rate to 60% in the third quarter, supply and demand would be in equilibrium again, they say. A rise in competition would accelerate market consolidation and reinforce BYD's leading market position, thanks to its unique product pricing power and leading cost advantages, Citi says. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2025 22:39 ET (02:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1781817850.SGD","symbol_name":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2539281143","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539281143","pubTimestamp":1748486340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0239 GMT - Sales of electric vehicles and hybrid cars in China will likely rise 55% in the second half of the year compared with the first half, Citi analysts write in a note. There will likely be strong export growth in the sector as well, they add. If recent price cuts by major EV makers such as BYD, Zhejiang Leapmotor and Chongqing Changan Automobile can help lift the EV penetration rate to 60% in the third quarter, supply and demand would be in equilibrium again, they say. A rise in competition would accelerate market consolidation and reinforce BYD's leading market position, thanks to its unique product pricing power and leading cost advantages, Citi says. 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There will likely be strong export growth in the sector as well, they add. If recent price cuts by major EV makers such as BYD, Zhejiang Leapmotor and Chongqing Changan Automobile can help lift the EV penetration rate to 60% in the third quarter, supply and demand would be in equilibrium again, they say. A rise in competition would accelerate market consolidation and reinforce BYD's leading market position, thanks to its unique product pricing power and leading cost advantages, Citi says. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 28, 2025 22:39 ET (02:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}