Vietnam currently has the highest BEV rate
- 说明
Vietnam currently has the highest BEV rate
- Europe 30 countries (EU + UK + Switzerland + Norway) is positionned in fourth position globally behind Vietnam, China and Thailand in terms of BEV market share in the light vehicles (passenger vehicles + LUVs ) market.
- Vietnam is the country with the highest sales rate of BEVs, with a share of 32.3% in 2025, ahead of China (28.1%), Thailand (19.3%) and Europe 30 (17.1%).
- These rates differ slightly from those calculated in our previous Auto-Analyses, which only considered passenger cars. For example, the market share of BEVs in Europe 30 reaches 19.5% when only passenger cars are taken into account.
- Asia is leading the battery electric vehicles market. Indeed, when we look at the top ten countries in the table below, we see that six are located in Asia. If we consider the ranking by country strictly speaking, four European countries surpass Vietnam in terms of BEV market share in 2025. These are Norway (79.4%), Denmark (54.9%), the Netherlands (40.4%), and Sweden (32.8%), all located in Northern Europe, and in particular the three Scandinavian countries.
- The table below includes 55 countries + 30 European countries, for a total of 85 countries . It is difficult to obtain information on the other countries – which are generally small markets – not listed in this table.
Vinfast became the leader in the Vietnamese market in 2025
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Vinfast became the leader in the Vietnamese market in 2025
- It took three years to Vinfast to established itself as the leader in the Vietnamese automotive market. Created in 2017 by the Vingroup conglomerate, the carmaker initially designed and launched internal combustion engine cars (derived from BMW models) before making a major strategic shift: becoming an independant producer of battery electric vehicles.
- This transition, which began in 2021, has profoundly transformed the country's automotive landscape and positioned Vinfast as the main driver of the electrification of the Vietnamese market. Vietnam, long dominated by foreign brands (Toyota, Hyundai, Kia), experienced a dramatic acceleration in sales of battery electric vehicles starting in 2023. This trend is largely driven by Vinfast, whose compact and affordable models are enjoying massive success with urban households. The carmaker also benefits from strong institutional support, a rapidly expanding charging network, and a highly valued national brand image.
- In 2023, Vinfast sold 35,000 vehicles in the Vietnamese market, all battery electric, representing 10% of the market. While not yet the market leader in terms of volume, the brand already dominated the BEV segment. The VFe34, the brand's first electric SUV, played a key role in this growth, while the VF8 and VF9 were beginning to establish themselves in higher segments.
- The year 2024 marked a turning point. Vinfast became the best-selling car brand in Vietnam, with 87,000 sales (representing 21% of the market). By 2025, Vinfast was selling 175,000 battery electric vehicles cars, holding 35% of the Vietnamese market. A meteoric rise.
- Vinfast currently communicated only on its BEVs sales, even if thermal vehicles still appeared on their catalogue. However quantities of these ICE models are not available.
- The quantities published below correspond to the sales of each BEV model on the Vietnamese market in 2025.
The VW Group has sold nearly 700,000 BEVs in Europe in 2025
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The VW Group has sold nearly 700,000 BEVs in Europe in 2025
- Of the nearly one million battery electric vehicles sold worldwide by the Volkswagen Group in 2025, almost 700,000 were sold in Europe (30 countries = EU + UK + Switzerland + Norway). The carmaker increased its sales there by 66% last year, rising from 417,000 units in 2024 to 693,000 in 2025. Within the VW Group, the Volkswagen brand is the leader in BEV sales, with 271,000 units in 2025 compared to 174,000 in 2024, ahead of Skoda (169,000 sales vs. 78,000), Audi (145,000 sales vs. 97,000), Cupra (78,000 sales vs. 46,000), and Porsche (30,000 sales vs. 22,000). The VW Group will hold 28.2% of the European BEV market in 2025, compared to 21.8% in 2024. This significant gain is attributable to the numerous BEV models integrated into the VW Group's range, some of which are very new (such as the Skoda Elroq ), and especially to the resurgence of the German BEV market last year (+43.2%), the market where the carmaker traditionally achieves the largest share of its sales, with 237,000 sales in 2025 compared to 134,000 in 2024. The VW Group thus holds 43.5% of the German BEV market (the largest European BEV market by volume), giving it a clear advantage at the European level. BEVs will therefore represent nearly 18% of VW's sales in Europe in 2025 (and just over 11% of its global sales).
- Its competitors in Europe are far behind, as Stellantis (in second position) will not reach 250,000 sales in 2025 and Tesla (in third position), in sharp decline, will not reach 230,000 sales.
- For their part, Chinese carmakers sold 281,000 BEVs last year, not counting Volvo (Geely 's Swedish subsidiary), compared to 170,000 in 2024, representing 11% of the European BEV market in 2025.
China 2025: Stagnant domestic demand – production driven by exports
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China 2025: Stagnant domestic demand – production driven by exports
- According to the China Association of Automobile carmakers (CAAM):
• The production volume of passenger cars in China was set at 30,269,903 units in 2025, compared to 27,476,886 in 2024, representing an increase of 10.2%.
• Global deliveries (production sold in China + exports) reached 30,103,140 units in 2025, compared to 27,562,989 in 2024, representing an increase of 9.2%.
• Exports from China amounted to 6,037,959 units in 2025 compared to 4,955,134 in 2024, thus increasing by more than one million units year on year (+21.9%).
- According to the China Passenger Car Association (CPCA), 23.26 million passenger vehicles were sold in China in 2025, compared to 23.37 million in 2024, representing a decrease of 0.5%. This decrease reflects both domestically produced vehicles and imports (estimated at 700,000 vehicles in 2024 and 400,000 in 2025). The increase in Chinese automobile production in 2025 is therefore the result of exports and stockpiling, and not a consequence of increased domestic demand.
- Of the 6,037,959 cars exported from China in 2025, four Chinese exporters stand out from their competitors : Chery (1.3 million cars exported in 2025), BYD (1 million units exported), SAIC (0.9 million units exported) and Geely (0.6 million units exported) accounted for 3.8 million units exported, or two-thirds of Chinese exports.
Beijing Motor Show Auto China 2026: XPeng
- 说明
Beijing Motor Show Auto China 2026: XPeng
Vehicle shown
- Xpeng GX: BEV SUV or E-segment REEV
- Vehicle designed in-house
- Annual volumes that can be expected in China: 20,000 units
Context
- Xpeng (5% owned by Volkswagen) sold nearly 430,000 cars worldwide in 2025, compared to 190,000 in 2024. It is one of the most dynamic Chinese carmakers. Its lineup, still under development, currently comprises seven different models. For the 2026 Beijing Motor Show, Xpeng is expected to unveil its new high-end SUV, the GX, whose styling departs from previous models and draws closer to the lines of the Range Rover, which it intends to compete with. Measuring 5.27 meters in length, the GX will be available as a fully electric vehicle or as a REEV (extended-range electric vehicle) based on a 1.5-liter engine.