EV Company News For The Month Of June 2025

Summary

  • Global electric car sales in May 2025 up 22% YoY to 25% share. China sales up ~23% to 53% share. Europe up 34% to 28% share. USA down 2.3% to 8.94%.
  • EV market news — Chinese authorities caution BYD, rivals to self-regulate as price war intensifies. World’s biggest hydrogen taxi operator goes all-electric.
  • EV company news — BYD denies rumors of cutting EV production. Geely Group BEV sales for May were 95,040, up 178% YoY. Tesla launches a limited robotaxi service in Texas.
  • Hozon enters bankruptcy proceedings. Nio reports Q1 Net loss of RMB6,750.0M (US$930.2M). VinFast Q1 net loss $712M.
  • Xiaomi SU7 hits the market, sells over 200,000 units in 3 minutes. General Motors plans to invest $4B in its US plants over the next 2 years. Lexus breaks ground on a 100% owned EV plant in Shanghai.
  • I do much more than just articles at Trend Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

UK, York, People charging their electric cars at charging station

Monty Rakusen/DigitalVision via Getty Images

Welcome to the June 2025 edition of Electric Vehicle (EV) company news.

The past month saw a strong month of EV sales reported for May.

Plugin electric car sales as of end of May

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of TESLA (TSLA), BYD CO (HK:1211), BATT, APTERA MOTORS (PRIVATE, BOUGHT VIA WEFUNDER), CONTEMPORARY AMPEREX TECHNOLOGY CO [HK:3750] either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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