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China’s new-energy vehicle (NEV) market shows mixed signals: April wholesale deliveries rose 7% year-over-year to 1.22 million units, led by BYD, Geely and Chery, yet retail NEV sales slipped 5% to 883,000, reflecting softer consumer demand and a broader 20% drop in overall passenger car retail. Amid this uneven recovery, Seres reported solid momentum—April NEV sales of 33,132 units (up 5.2%) and 111,632 units year-to-date (up 29.7%)—and claimed a 37.5% market share in the range‑extender segment for 2025. The picture underscores supply-side resilience and strategic niche play as retail demand rebalances.
Shifts in China's NEV demand and wholesale dynamics affect supply chains, inventory management, and competitive positioning for OEMs and suppliers. Seres's strength in range‑extender niche highlights opportunities for differentiated powertrain strategies amid softer retail demand.
Dossier last updated: 2026-05-15 15:04:22
China Passenger Car Association preliminary data show April retail sales of new-energy passenger vehicles (NEVs) reached 883,000 units, down 5% year-over-year but up 4% from March; cumulative retail sales for 2026 are 2.792 million, down 17% year-over-year. Manufacturer wholesale NEV shipments in April were 1.22 million units, up 7% year-over-year and month-over-month, with year-to-date wholesales at 3.949 million, down 1% versus 2025. The broader passenger car market saw larger declines: April retail fell 20% year-over-year to 1.406 million and year-to-date retail is down 18%. The data indicate cooling demand in China’s auto market, with NEV wholesale strength not fully translating to retail recovery—key for OEM production planning, supply chains, and EV strategy.
Chinese automaker Seres (赛力斯) said its range-extender (EREV) powertrain business reached a 37.5% market share in 2025, ranking first in the industry, according to the headline. No additional details are provided on the data source, geographic scope, measurement method, or whether the figure refers to vehicle sales, powertrain shipments, or another metric. If accurate, the claim would indicate Seres is a leading supplier or seller in the range-extender segment, a category that combines an electric drivetrain with a small combustion engine used to generate electricity. The limited information prevents verification or comparison with competitors, but the headline signals Seres is positioning itself as a top player in EREV technology in 2025.
China Passenger Car Association data show nationwide wholesale deliveries of new-energy passenger vehicles (NEVs) reached 1.22 million units in April 2026, up 7% year-over-year and 7% month-over-month, signaling industry recovery. Growth drivers cited include high oil prices pushing consumers toward EVs, optimized production pacing, product refreshes showcased at the Beijing Auto Show, holiday travel demand, and strong overseas demand and exports for competitive domestic brands. Top manufacturers by wholesale volume in April were BYD (314,100), Geely (135,591), Chery (93,058), Tesla China (79,478) and Leapmotor (71,387), highlighting continued leadership of Chinese OEMs in the NEV market.
Most newsworthy: Seres reported April new-energy vehicle (NEV) sales of 33,132 units, up 5.22% year‑over‑year, with January–April cumulative NEV sales reaching 111,632 units, up 29.74%. The company disclosed the production and sales figures on May 5. This performance indicates steady growth in Seres’ EV deliveries amid China's competitive NEV market and contributes to its year‑to‑date momentum. The data matters to investors, suppliers, and EV industry watchers tracking market share, production capacity utilization, and demand trends across Chinese EV makers. It also offers a short‑term signal for supplier orders and potential inventory or pricing implications in the near term.