Overview: This report provides information about China’s domestic EV market, which is overwhelmingly dominated by domestic automakers, who now command nearly 90% market share. Their success stems from vertical integration, rapid innovation cycles, aggressive pricing, and a sharp focus on affordable EVs packed with advanced features. In contrast, foreign brands, particularly from the US and Europe, are losing ground due to slower model refreshes, high reliance on imported components, and limited competitiveness in China’s price-sensitive market. Tesla remains resilient but is no longer the top-selling BEV in China.