EV Industry

From January 1 to 18, China's total passenger vehicle retail sales came in at 679,000 units, down 28% compared to the same period last year.

The European version of the SC01 will be produced in Italy, though the exact assembly location remains undetermined.

By the end of 2025, China had 4.717 million public charging plugs and 15.375 million private charging connectors.

Additional vehicle purchase tax costs kicking in and the transition of trade-in subsidies are putting pressure on NEV sales at the start of the year.

The CAAM projects China's overall passenger vehicle sales will reach 34.75 million units in 2026, representing a 1% year-on-year increase.

China's NEV sales grew 28.2% in 2025, outpacing the overall automotive market's 9.4% growth.

China's December passenger NEV retail sales reached a record 1.337 million units, though year-on-year growth slowed to 2.6%.

NEV retail penetration in China reached 60.4% in December, surpassing the 60% mark for the first time.

Cumulative wholesale sales of passenger NEVs reached 15.33 million units in 2025, marking a 25% year-on-year increase.

Rox Motor delivered 15,318 vehicles in 2025, targeting 30,000 deliveries in 2026.