China NEV market

NIO Slams EREV Waste as BYD Dominates China EV Market

NIO Onvo's CEO blasts large EREV batteries as wasteful, touting profitable battery swaps amid 8,000-pack expansion. BYD leads China's NEV market with 23.2% November share, as Huawei's Luxeed V9 MPV promises L3 autonomy in 2026. These shifts signal declining range anxiety and smarter EV strategies in the world's top market.