India, May 22 -- TrendForce's latest reports reveal that global NEV sales-including BEVs, PHEVs, and FCEVs-reached 4.02 million units in the first quarter of 2025, marking a 39% YoY increase. NEVs accounted for 18.4% of total global auto sales for the quarter.

BEV sales grew 45% YoY to reach 2.67 million units

BYD brand maintained its lead over Telsa in BEV sales during 1Q25, claiming the top spot with a 15.4% market share, while Telsa followed with 12.6%. Geely ranked third (including Geely and its Galaxy series), driven by continued momentum from the late-2024 launch of the Galaxy E5 and Xingyuan models, along with solid performance from the budget-friendly Panda Mini. Geely's BEV sales surged 443% YoY.

XPeng ranked sixth, with nearl...