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NEV Penetration Rate Drops Despite Growth? Goldman Sachs Reveals BYD's Market Dominance Truth
Goldman Sachs Week 30 2025 report shows NEV sales grew 10% to 236K units, yet penetration dropped from 55.2% to 53.6%. BYD maintains 25% market share leadership while NIO and XPeng achieved 28% and 25% week-over-week growth respectively. ICE vehicle surge of 17% drove penetration decline. Trade-in policy received 4.1M applications with 45K daily additions. Battery-grade lithium carbonate rose 8% to ¥73K/ton while battery cell prices remained stable.
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By Wall Street PodcastGoldman Sachs Week 30 2025 report shows NEV sales grew 10% to 236K units, yet penetration dropped from 55.2% to 53.6%. BYD maintains 25% market share leadership while NIO and XPeng achieved 28% and 25% week-over-week growth respectively. ICE vehicle surge of 17% drove penetration decline. Trade-in policy received 4.1M applications with 45K daily additions. Battery-grade lithium carbonate rose 8% to ¥73K/ton while battery cell prices remained stable.