When HEVs (Hybrid EVs) are included, total NEV sales climbed up to 6.456 million units, accounting for 29% of global auto sales.

BYD retained its position as the leading BEV brand with an 18.3% market share, posting a robust 43% YoY growth.

Tesla held onto second place but saw declines in key markets leading to an overall 14% YoY drop in sales for the quarter.

Geely held third place with a 6.4% market share.

Leapmotor was sixth and XPeng seventh, both of which sold over 100,000 units in a quarter for the first time.

Xiaomi, ranked ninth and still relying mainly on its SU7 model, posted modest quarterly growth.

Hyundai recorded 41% YoY growth to secure tenth place.

In the US, OBBBA (One Big Beautiful Bill Act) will end subsidies for EVs on September 30.

TrendForce projects global NEV sales to reach 19.7 million units in 2025, up 21% YoY, but with growth slowing to 14% in 2026.