Cui Dongshu: China holds 62% of global NEV passenger car share in Jan-Aug 2026

The headline number matters less than the split beneath it: China's share is higher in plug-in hybrids than in pure EVs, and the July-August acceleration suggests the gap widened rather than narrowed late in the period. That mix matters for battery-metals and charging-infrastructure demand, which track BEV volumes more closely than PHEV volumes. The competitive read is also shifting — BYD's lead and Geely's climb against a Tesla now in third place point to a domestic-scale advantage that is hard to replicate outside China. Whether the July-August share holds is the open question.