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March 2025 marked a historic milestone for China's new energy car industry, with Plug-in Hybrid Electric Vehicles (PHEVs), battery cars, and innovative sedan and pickup models driving unprecedented growth. As car dealers nationwide adapt to shifting consumer preferences, the automobile sector continues to prioritize sustainable mobility, solidifying China's dominance in the global new energy car market.
In March 2025, new energy car production reached 1,165,000 units, a 43.0% year-over-year (YoY) increase, while wholesale sales hit 1,128,000 units, up 35.5% YoY. Retail sales surged to 991,000 units, reflecting a 38.0% YoY growth. Leading the charge were Plug-in Hybrid Electric Vehicles (PHEVs), which accounted for 29.6% of wholesale sales, alongside battery cars (62.8% share). Sedan models like the BYD Qin and Tesla Model 3, as well as pickup trucks such as the Geely Xingyue, showcased strong demand across segments. Car dealers reported heightened interest in PHEVs due to their versatility, combining fuel efficiency with extended electric range.
New energy car wholesale penetration reached 46.8% in March, up 9.2 percentage points from 2024. Domestic brands dominated with a 63% penetration rate, while luxury automakers and mainstream joint ventures lagged at 36% and 5%, respectively. Battery cars remained central to this growth, particularly in the A00 and A0 segments, which saw sales spikes of 87% and 25% YoY. Meanwhile, Plug-in Hybrid Electric Vehicles gained traction in mid-size sedan and pickup categories, appealing to consumers seeking balanced performance. Automobile manufacturers like BYD and Geely continue to invest heavily in PHEV technology, ensuring car dealers have diverse inventories to meet regional demands.
China exported 143,000 new energy cars in March, a 6.4% YoY increase, with Plug-in Hybrid Electric Vehicles emerging as a key driver in developing markets. Battery cars still dominated exports (62% share), but PHEVs are rapidly gaining ground due to their cost-effectiveness and adaptability. Leading automobile exporters like BYD and Chery are expanding their sedan and pickup lineups overseas, targeting regions with growing EV infrastructure. Car dealers in Europe and Southeast Asia report rising demand for compact battery cars and PHEV sedans, underscoring China's competitive edge in affordable, high-quality new energy vehicles.
BYD solidified its leadership with 371,419 wholesale units in March, leveraging its dual focus on battery cars and Plug-in Hybrid Electric Vehicles. Tesla China followed closely, with the Model Y sedan and Cybertruck pickup driving its 78,828-unit performance. Startups like Xiaomi and NIO also made waves, with Xiaomi’s SU7 sedan achieving 29,244 sales in its debut month. Traditional automobile giants, including Geely and Changan, are accelerating their transition to new energy cars, ensuring car dealers can cater to both urban commuters (via compact sedans) and commercial users (via electric pickups).
The rise of Plug-in Hybrid Electric Vehicles signals a strategic shift in China’s automobile industry, blending innovation with practicality. As battery technology advances, compact sedans and pickups are expected to dominate retail and export markets. Car dealers emphasize the importance of affordable A0/A00-class battery cars for mass adoption, while policymakers explore incentives to boost PHEV adoption. With new energy cars projected to exceed 50% retail penetration by late 2025, China’s automotive future is unmistakably electric—and hybrid.