Chinese EV Giants Face 2026 Reality Check: BYD Soars While Li Auto Stumbles
China's auto market just wrapped up a monster 2025, but the party might be over. After hitting 34.5 million vehicle units shipped (up 10.4% YoY), industry watchers are bracing for a significant cooldown in 2026.
**The 2025 Boom That Masks Coming Headwinds**
Last year, new energy vehicles (NEVs) absolutely dominated, with 16.5 million units sold—a 28% jump from 2024. Battery electric vehicles (BEVs) led the charge, climbing 37.6% to 10.6 million units, while plug-in hybrids (PHEVs) added another 5.8 million. Exports sur