Chinese-made vehicle sales, including exports, fell by 3.2% to 2.346 million units in January 2026. Domestic sales dropped by almost 16% to 1.665 million units, while exports surged by over 45% to 681,000 units. Sales of new energy vehicles (NEVs) increased slightly to 945,000 units, with domestic sales falling by 19% and exports doubling. China’s economy grew by 4.5% in Q4 2025, slower than expected. GlobalData forecasts a slight increase in light vehicle sales in China to 27.3 million units in 2026.

SAIC Motor became China’s largest vehicle producer in January 2026, with global sales up 24%. Geely Auto reported a 1.3% rise in global sales despite a drop in BEV sales. BYD’s global sales fell by 30%, while Chery Automobile’s global sales declined by 11%. Tesla’s Shanghai factory sales increased by 9% last month. Measures have been introduced to end the price war among domestic manufacturers in China, aiming to stabilize the market and restore growth.

Read more at Yahoo Finance: Chinese vehicle sales fall 3% in January