The rapid rise of domestic market penetration reflects how new energy vehicles have surpassed traditional fuel cars on cost-performance. More importantly, Chinese NEV brands are increasingly favored overseas - according to Bloomberg, Chinese automakers outsold Japanese brands in Europe for the first time between July and September, taking a 12.7% share, with hybrids particularly strong.
A growing number of multinational carmakers are now partnering with Chinese NEV brands to boost R&D efficiency and cost competitiveness. Volkswagen plans to adopt a China-developed electrical-electronic architecture - jointly built with Xpeng - for its next-generation NEVs under the VW, Skoda and Cupra brands. Stellantis has expanded its strategic partnership with Leapmotor, which supplies self-developed NEV technology to support the French group's electric transition.
From the just-concluded 9th China International Import Expo, VW, Mercedes-Benz, BMW, Toyota, GM and Audi have all rolled out related strategic adjustments - no longer treating China merely as a consumer market, but as a global innovation hub and technology-enabling center for the auto industry's transformation.
