used NEV market

China's Used EV Boom Meets Global Shifts: Key News

China's used NEV market soared to 829,000 trades in Jan-Jul 2025 (+39.1% YoY), fueled by Cha Boshi's battery detection services easing buyer fears. Globally, Ford cuts $19.5B in EV plans amid demand woes, while Musk's wealth tops $677B on Tesla's rally and SpaceX buzz. This divergence spotlights China's EV dominance in a shifting landscape.