Insights

If achieved, this would mean that ES8 monthly sales could return to historical highs for a considerable period of time.

In the first half of 2025, Chinese car brands' sales in Europe grew by 91 percent year-on-year, reaching a new high of 5.1 percent market share.

TrendForce predicts that China's robotaxi market will reach $44.5 billion by 2035, about 900 times its current size.

As of press time, Nio surged more than 10 percent in Hong Kong, extending its winning streak to the sixth trading day.

Deutsche Bank expects Xpeng to deliver 134,000 and 149,000 cars in the third and fourth quarters, respectively, driving full-year 2025 volume to 480,000 units.

"In China, we see intense competition and Tesla is no longer seen as the technology leader."

Deutsche Bank expects Xiaomi to deliver 100,000 YU7 SUVs and 280,000 SU7 sedans in 2025.

China's smart NEV market has been dominated by local brands, but global auto brands have caught up, said Deutsche Bank.

About 116,000 vehicles were exported from China to the US in 2024 and were dominated by US-branded models, analysts said.

Counterpoint highlighted BYD's tech leadership, vertically integrated production model, and the fact that Tesla is facing multiple challenges.