China's Dominance in the Global EV Market

China is the world's largest EV market, accounting for approximately 40% of new car sales in 2024 and dominating the EV battery supply chain.

The top 3

  1. Top 3 Chinese EV Makers by Sales: BYD leads the Chinese EV market, followed by Geely and SAIC, with Chinese companies making up five of the top 10 global EV manufacturers.
  2. Foreign Brands' Market Share in China's EV Market: While local brands dominate China's EV market, foreign legacy OEMs still hold the majority in the shrinking internal combustion engine (ICE) market.
  3. Largest EV Battery Manufacturers Globally: CATL is the world's largest EV battery manufacturer, holding a global market share of around 39.9% in the first half of 2026, with BYD ranking second.

Sources

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