business / news / / Times of India
Leaders from Honda, Ford and Toyota have openly admitted that the competition is getting tougher.
Over 13.17 million new energy vehicles were sold in China in 2025, nearly 60% of total sales.
KEY POINTS
- Honda's China sales dropped over 50% from 2020 to 2025, marking five consecutive years of decline.
- Chinese automakers can develop and launch new cars in under two years, twice as fast as global rivals.
- Ford's CEO warned that China's existing auto factories could supply the entire North American market.
- BYD led China's NEV market in 2025, with Geely, Wuling, and Tesla as major competitors.
COMPANIES
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