The Chinese electric vehicle (EV) market is experiencing rapid evolution, with domestic manufacturers like BYD and Xiaomi gaining significant momentum. In contrast, Tesla’s sales in China have been declining, with a 30% year-over-year decrease in May 2025, resulting in just under 40,000 vehicles sold compared to over 57,000 during the same period last year.
This shift raises critical questions for stakeholders: How can they navigate the changing market dynamics and maintain competitiveness? Understanding these trends, leveraging emerging opportunities, and making informed decisions are essential in this increasingly competitive landscape.