China's EV Market Tightens as Tesla Sales Drop 7.4% Amidst Fierce Competition
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Intensifying Market Competition: In 2025, Tesla's sales fell by 7.4% and BYD's by 5.1%, indicating a brutal competitive landscape in China's EV market where traditional automakers face survival challenges.
- Emerging Brands Surge: New entrants like Huawei and Xiaomi saw sales growth exceeding 90%, threatening the market positions of established players as the top ten manufacturers now control 95% of the market.
- Ongoing Price War: With significant discounts, the Mercedes-Benz EQS EV is down by 432,000 yuan and the Volvo XC70 by 147,000 yuan, and UBS predicts that the price war could last for years, impacting industry profitability.
- Accelerated Overseas Expansion: Geely exported 184,000 electric vehicles in the first half of the year, entering six new countries, demonstrating that Chinese EV manufacturers are actively seeking growth opportunities in international markets as domestic demand cools.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
