In the first two months of this year, the production of electric vehicles (EVs) in China experienced a remarkable growth rate of 64%, further solidifying the country’s dominance in the electric vehicle market. According to a report released by SNE Research on April 8, 2025, in the past two months, the total volume of electric vehicles manufactured in China reached 129.9 GWh, which is a significant increase of 40.3% compared to the same period last year.
This surge in production is attributed to the strong competitive power of China’s electric vehicle manufacturers. In January and February, notable companies such as BYD, Gree, and others led the charge in production levels, with their growth rates reported at 39.7%, 81%, 42.9%, 76.9%, 105.9%, and 63.2%, respectively.
In comparison, international competitors such as LG Energy Solution, SK On, and Samsung SDI saw growth rates of 8.5%, 38.6%, and -22.2% respectively, while Japanese firms posted a 0% growth rate. China’s automotive industry has been underpinned by robust policies and a favorable market environment, with the total production of electric vehicles in the country during the first two months reaching 190.3 million and 183.5 million units, reflecting a growth of 52%.
Furthermore, according to the latest SNE report, the total volume of electric vehicles produced by China’s companies in the first two months was 73.6 GWh, which is a substantial increase of 46.5% year-on-year. As foreign markets continue to expand, demand for electric vehicles is expected to remain high.
As of April 2, 2025, the market share of China’s electric vehicle manufacturers reached 67.5%, significantly higher than the 49.8% market share of the three major South Korean companies combined.
Additionally, by March 31, 2025, the cumulative output of lithium-ion batteries in China surpassed 120 million units. The rapid expansion of the electric vehicle market is supported by the production of lithium-ion batteries, which are crucial for the performance and range of EVs.
Industry analysts suggest that the increasing demand for electric vehicles in China is likely to continue, driven by technological advancements and supportive government policies. As the market evolves, companies are expected to enhance their production capacities to meet the rising demand.
