Xiaomi, Geely, China EV Makers to Show Resilience Despite Tariffs
Xiaomi’s SU7 EV on display at one of the company's store in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Xiaomi Corp., Geely Automobile Holdings Ltd., NIO Inc. and Xpeng Inc. will show how resilient China’s electric-vehicle sector is to a stagnant domestic economy and tariffs in the US and European Union.
All four firms delivered more vehicles in 2024. China auto exports had a buoyant start to 2025, with 46% growth in EV exports so far, Macquarie said. Retail car sales in China rose 26% in February from a year earlier, with a 85% jump in sales of new energy vehicles, according to estimation by the China Passenger Car Association.