NOA

Chinese EVs Surge: SAIC-GM, Hongqi Hit Records in 2025

SAIC-GM crushed 2025 with 562,185 total sales and 88,833 NEVs—JV leader—fueled by Xiaoyao architecture and zero-combustion batteries. Hongqi hit 460,063 units (up 11.7%), NEVs at 149,000 amid L3 ADAS and 2,327 km PHEV ranges. Wuling's 2026 tax subsidies on mini-EVs and family cars supercharge accessible EV adoption.