car market

China produced over 11–13 million electric cars in 2024, about half of all new cars sold in the country, and accounted for roughly 58–70% of global EV output. BYD Auto became the world’s largest EV producer, accounting for about one‑third of China’s EV sales and surpassing Tesla’s global volumes in 2024. NIO’s ET7 offers up to 1,000 km of range with a 150 kWh semi‑solid battery, delivering the longest EV range among production sedans. NIO operates more than 3,000 battery‑swap stations across China and Europe, enabling ~3‑minute battery exchanges. The Xiaomi SU7 Ultra is priced around ¥529,900 (~$73,000) and delivers