The rise of independent brands: the main force in China's new energy market

According to the China Passenger Car Association, in December 2023, China's new energy vehicle sales reached 945,000 units, a year-on-year increase of 47.3%. Among them, domestic brands accounted for 70.3% of the market share, becoming the main force in the market. In contrast, the total market share of Tesla and new power brands was only 22.9%.