As one of the "new three" of China's foreign trade, China's electric vehicles are far above the market's expectations, from the initial simple product export, to the current active export technology standards and supply chain system. China's strong and high quality electric vehicles "out of the sea", broke the traditional global automotive industry pattern.

Bloomberg reports title

According to data released by research firm Dataforce, the share of Chinese cars in hybrid vehicle sales in Europe reached a record 9.8% in August this year. Bloomberg reported on October 2 that this marks the continuous progress of Chinese car companies in hybrid vehicles, an increasingly important field for consumers and manufacturers.

The report pointed out that this is the fourth time this year that Chinese brands have set a new record for the share of hybrid models in Europe. Chinese manufacturers are targeting Europe's growing electric vehicle market, and their cost-effective models are putting competitive pressure on local traditional car companies such as the Volkswagen Group.

The Financial Times recently focused on the rapid development of China's electric car market in Southeast Asia. The report noted that China's surge in parity-price electric car sales broke the Japanese car makers' monopoly over the Southeast Asian market for decades. The report cited an analysis of data from PwC that showed that in the first half of 2025, the share of Toyota, Honda and Nissan-led Japanese automakers in the six largest markets in Southeast Asia has dropped from an average of 77% to 62%, while China's share in these markets has risen from a little to more than 5% in the first half.

Screenshot of Financial Times report

The regional free trade agreement gives Chinese electric vehicle tax-free access to the market, which enables Chinese car companies to focus on the surrounding export market, according to the report.

On October 2, the German financial media "Business Journal" that China's electric vehicle production technology has become world-class.

Screenshot of the German "Handelsblatt" report

The report quoted Eiji Mochizuki, director of the Next Generation Automobile Center, an automobile dismantling research institute in Hamamatsu, Japan, as saying that China's relatively young electric vehicle enterprises are already in a leading position in production technology, and "China's production technology should be used as a benchmark".

In addition, Mochizuki said another advantage of Chinese EV makers is smaller and lighter components, which makes the products lighter, while actual performance is almost identical to German premium brands.

Compiled by: Shan Lijuan

Reviewed by: Du Huiqin

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