In 2025, Chinese brands account for 60% of electrified vehicle sales, with production from this country accounting for 75% of the global market share.
The International Energy Agency's (IEA) recent report on the overall picture of the global electrified vehicle market in 2025 provides a perspective on the strength of the Chinese auto industry. Not only is it the world's largest market in terms of scale, the country's auto industry is also reaching out globally with the ambition to expand its influence.
Regarding sales, if the global market in 2025 consumes more than 20 million electrified vehicles (including battery electric vehicles - BEV and externally charged hybrid vehicles - PHEV), Chinese car manufacturers account for 60% of this sales volume, or about 12 million vehicles. European and North American firms each supply about 15%, with the remaining 10% coming from other firms.
In terms of production volume, there were nearly 22 million electrified vehicles shipped in the world last year. Vehicles produced in China alone (including domestic and foreign manufacturers) reach about 16 million units, accounting for about 75% of total global production. This continues to show that China is the world's largest electrified vehicle production center.
Not only in vehicles, Chinese companies also lead in battery market share in 2025. Battery cells produced by Chinese companies account for about 75% of the total amount used to manufacture batteries for electrified vehicles globally.
Regarding exports, there will be about 5.5 million electrified vehicles circulated and sold between countries around the world in 2025. Vehicles from China alone account for about 45%, or more than 2.5 million vehicles, doubling compared to 2024.
Electrified vehicles account for about 35% of the country's total vehicle exports. The IEA did not give specific numbers. According to the China Association of Automobile Manufacturers (CAAM), the country's vehicle exports will reach about 7.098 million vehicles in 2025, an increase of 21% compared to 2024. Of which new energy vehicles (another way Chinese companies use it when talking about electrified vehicles) will reach about 2.62 million vehicles, accounting for nearly 37% of the market share.
In the Chinese domestic market alone, electrified vehicle sales will reach more than 13 million vehicles in 2025, an increase of approximately 20% compared to 2024. The growth rate slows down due to cuts in support programs from the Government, one of which is subsidies and exchanging old cars for new ones. In the period 2020-2024, the sales growth rate of the country's electrified vehicle market will average more than 75%/year.
Because domestic consumption is 20% lower than production (13 million vehicles compared to 16 million vehicles), the Chinese electrified vehicle market has a situation where demand exceeds supply. This is one of the important reasons motivating this country's car manufacturers to find ways to export cars to other markets.
According to the IEA, imports of electrified vehicles in Southeast Asian markets in general will reach more than 300,000 vehicles in 2025, more than doubling compared to 2024. Almost all of these vehicles will come from China.
The number of vehicles of Chinese origin accounts for more than 50% of the total number of electrified vehicles sold in the region - more than 500,000 vehicles. And 33% of the region's electrified vehicle sales come from the Vietnamese domestic brand - VinFast.
The strength of Chinese vehicles covers major markets in the region, especially in the electrified vehicle segment. The amount of cars imported from this country accounts for about 75% of the electrified vehicle market share in Thailand and Indonesia, and 80% in Malaysia.
Vietnam is a market in the top 4 regional sales without the dominance of Chinese electrified vehicle sales. VinFast is leading the market, while the number of electrified vehicles from China has no statistics.
