Offseason can't halt China carmakers' rise

Domestic new energy vehicle manufacturers report strong first-quarter sales performance

Chinese automotive companies reported robust market performance amid the first-quarter offseason and intense competition, showcasing their ability to sustain growth through new energy vehicles, overseas market penetration and operational efficiency.

BYD led the pack with Q1 operating income reaching 170.3 billion yuan ($23.64 billion), a 36.35 percent increase year-on-year, and a net profit of 9.16 billion yuan, soaring 100.38 percent compared with the same period of 2024.

The rapid increase in sales volume was a key factor driving BYD's performance, which reached 1.01 million NEVs in Q1, up 59.81 percent year-on-year.