GlobalData blog: China’s auto market achieved steady growth in 2025 2025 was a challenging year for global politics and the world economy. On one hand, regional conflicts erupted in multiple regions, posing challenges to global energy supplies and maritime supply chains. On the other hand, protectionism gained momentum, with tariff barriers proliferating worldwide, further straining the global economy. Although the “reciprocal tariffs” intr...

News  Updated at: 2026/03/30

Russian vehicle sales decrease 1.8% in February 2026 The 88,710 new vehicles sold in Russia in February 2026 represented a decrease of 1.8% compared to the same month in 2025 according to the Avtoselkhozmash Holding release on March 9. Commercial vehicle sales fell sharply due to high interest rates, higher prices, and higher scrap taxes. The 177,440 new cars and LCVs sold in the first two months of 2026 represented a decrease of 7.4% over the sa...

News  Updated at: 2026/03/10

Canada begins issuing permits for Chinese EV imports On February 25, the Canadian government published the rules and regulations regarding the importation of Chinese-built EVs into Canada. Starting March 1, Global Affairs Canada begins issuing permits for Chinese-built EVs under a renewed trade agreement with China. Canada will issue permits for up to 24,500 China-made EVs during the first six-month period on a first-come, first-served basis. EVs...

News  Updated at: 2026/03/04

China’s installed drive battery capacity increases by 8.4% y/y in January On February 11, the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA) released its monthly drive battery data for January 2026. In January, China’s total installed drive battery capacity was 42.0GWh, reflecting a year-over-year (y/y) increase of 8.4%. Specifically, the capacity of ternary batteries for vehicle equipment totaled 9.4GWh, accounting for...

News  Updated at: 2026/02/24

Volvo Cars, Polestar examining Chinese EV imports to Canada following tariff cut With Canada’s recent change in allowing imported cars from China at a preferred 6.1% tariff rate, down from 100%, many OEMs currently selling vehicles in Canada are considering bringing in their vehicles built in China. Volvo Cars Canada began importing the EX30 electric crossover built in Zhangjiakou Plant, China in 2024, but in October of that year, Canada follow...

News  Updated at: 2026/02/21

Mercedes Benz Group reports 2025 financial results, with revenue down by 9.2% and adjusted EBIT drops by 39.9% On February 12, Mercedes-Benz Group announced its financial results for 2025. For 2025, the Mercedes-Benz Group reported revenue of EUR 132.2 billion (down 9.2% YoY), EBIT of EUR 5.8 billion (-57.2% YoY) and adjusted EBIT of EUR 8.2 billion (down 39.9%), while the net profit declined 48.8% to EUR 5.3 billion. Free cash flow from the indu...

News  Updated at: 2026/02/13

Flash Report: Isuzu's operating income for the April-December quarter of 2025 is JPY 172.5 billion, down 12.4% Isuzu's FY2025 third quarter financial results were announced. Revenue increased 5.3% YoY to JPY 2,511.5 billion. This was a JPY 127.0 billion increase over the previous year's JPY 2,384.5 billion. Operating income fell 12.4% YoY to JPY 172.5 billion. This was a decrease of JPY 24.3 billion from the JPY 196.8 billion in the previous year...

News  Updated at: 2026/02/12

UK vehicle production increases 6.1% in December, decreases 15.5% in 2025 On January 29, the Society of Motor Manufacturers and Traders (SMMT) announced that the number of UK vehicle production for December increased 6.1% over the previous year to 55,284 units. Passenger car production was up 17.7% to 53,003 units and commercial vehicle production was down 67.7% to 2,281 units year over year (y/y). Full-year production of 764,715 vehicles in 2025...

News  Updated at: 2026/01/30

Trump threatens Canada with 100% tariffs over China trade deal On January 24 in a post on Truth Social, U.S. President Donald Trump threatened to impose 100% tariffs on Canada, warning it not to make a trade deal with China or face the increased import levies. "If Governor Carney thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken," Trump wrote. "China will eat Can...

News  Updated at: 2026/01/27

Canada’s Carney seeks to gain Chinese investment with EV trade deal Canada and China signed an agreement January 16 that will see Canada allow 49,000 Chinese EVs into the country at a 6.1% tariff rate, down from 100% set in 2024, with Canadian Prime Minister Mark Carney saying the deal is an “opportunity” for Ontario and autoworkers. In a January 18 press conference in Doha, Qatar, Carney commented on the Chinese EV deal as a trial stage an...

News  Updated at: 2026/01/24

Tesla seen as winner as Canada reopens door to Chinese EVs Tesla appears poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made EVs, following the removal of a 100% tariff that halted shipments in 2024. Under the new Canada–China trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, acc...

News  Updated at: 2026/01/21

Lotus Technology supports Canada’s new EV tariff policy On January 17, Lotus Technology Inc. announced its support for Canada’s new tariff policy, which allows up to 49,000 Chinese electric vehicles each year to enter the country at a reduced tariff of 6.1%. This strengthens China–Canada trade relations and will help its company’s growth in the North American market. The new policy will create a strong opportunity for Lotus Tech to reposi...

News  Updated at: 2026/01/19

China’s 2025 EV-related export scale approaches CNY 1.3 trillion On January 14, China’s State Council held a press conference on 2025 imports and exports. According to statistics from China’s General Administration of Customs (GACC), in 2025, China’s foreign trade value totaled CNY 45.47 trillion, up 3.8% year-over-year (y/y). Export and import value accounted for CNY 26.99 trillion and CNY 18.48 trillion, up 6.1% y/y and 0.5% y/y, respec...

News  Updated at: 2026/01/19

Canada opens doors to Chinese EVs in announced trade deal On January 16, Canadian Prime Minister Mark Carney announced that his government has reached a deal with China to allow 49,000 Chinese EVs into the domestic market each year, at a 6.1% tariff, in exchange for dropping duties on canola products to 15% by March. Carney described this as a "preliminary but landmark" agreement to remove trade barriers and reduce tariffs, part of a broader stra...

News  Updated at: 2026/01/17

Brazilian vehicle sales up 8.5% in December, up 2.1% in 2025 (ANFAVEA) The Associacao Nacional dos Fabricantes de Veiculos Automotores (ANFAVEA) announced that Brazilian new vehicle sales (including trucks and buses) in December increased 8.5% year-over-year (y/y) to 279,416 units and full-year sales of 2,689,634 vehicles in 2025 were up 2.1% from 2024’s accumulated total. Of the newly registered vehicles, locally manufactured vehicles rose 1.1...

News  Updated at: 2026/01/16

UK passenger car sales up 3.9% in December, up 3.5% in 2025 According to the Society of Motor Manufacturers and Traders (SMMT) on January 6, UK passenger car sales rose 3.9% to 146,249 units in December 2025. Full-year sales increased 3.5% to 2,020,520 units in 2025, breaching the two million-mark for the first time since the pandemic. In 2025, VW sales rose 7.4% to 178,607 units (8.8% market share), BMW sales fell 2.0% to 122,723 units (6.1% sha...

News  Updated at: 2026/01/07

Deepal closes Series C financing worth over CNY 6.1 billion On December 25, Deepal Technology Co., Ltd. (Deepal) closed a Series C financing worth CNY 6.122 billion. The financing was co-invested by Chongqing Changan Automobile Co., Ltd. (Changan Auto), Chongqing Yufu Holding Group Co., Ltd. (Yufu Holding), and CMB Financial Asset Investment Co., Ltd. (CMB Investment). Specifically, CNY 3.122 billion, or around 51.0%, was from Changan Auto in the...

News  Updated at: 2025/12/30

Deepal to increase capital by over CNY 6.1 billion On December 13, Chongqing Changan Automobile Co., Ltd. (Changan Auto) announced on the Shenzhen Stock Exchange (SZSE) that Deepal Technology Co., Ltd. (Deepal), a holding subsidiary, plans to increase capital and expand shares through public listing, targeting original shareholders and qualified investors. The financing amount is estimated at CNY 6.122 billion, including up to CNY 3.122 billion ...

News  Updated at: 2025/12/18

Mercedes-Benz Malaysia adds new GLC 200 and GLE 400 e to locally assembled SUV line-up Announced on December 9, 2025, Mercedes-Benz Malaysia has expanded its locally assembled SUV portfolio with two new models: the GLC 200 4MATIC and the GLE 400 e 4MATIC plug-in hybrid.  Both are produced in Pekan and strengthen the brand’s SUV line-up in Malaysia. The GLC 200 4MATIC, priced from MYR 329,888, returns a petrol-powered option to the GLC range. I...

News  Updated at: 2025/12/12

China Passenger Car Association analysis of production and sales volumes for November 2025 The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for November 2025. China passenger car production and sales volumes in November 2025 Retail November retail sales volumes of passenger cars totaled 2.225 million units, reflecting a year-over-year (y/...

News  Updated at: 2025/12/09