China's EV Market: BEVs Up, PHEVs Down

In October, China's EV market presented a stark contrast. BEVs soared by

20%, now 36% of the market. However, PHEVs plummeted a

significant 10% year-over-year. Overall plugin sales are still near record levels. This means growth

for BEV and compact car makers. The tiny Wuling Mini EV ranked # 1,

with Xiaomi's YU7 making a stunning debut at fifth. Meanwhile, BYD sales dropped

38%, but Geely surged 50%, reflecting a market shift.

Now, 53% of all new cars sold in China are plugins.

This rapid push suggests China is on track for a fully electrified car market,