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<p>In October, BEVs represented 36% of the Chinese car market, growing 20% YoY to 812,000 units, while PHEVs declined 10% YoY to 470,000 units. The overall plugin market saw 1.3 million units sold, nearing record levels. The market shows a divergence, with BEVs thriving and PHEVs struggling. Fully fossil-fueled models had a rare good month, with four in the top 10. The Wuling Mini EV was the top seller, and the Xiaomi YU7 was the best-selling SUV. BYD's dominance is weakening, with Geely placing representatives in multiple categories.</p>

- In October, battery electric vehicles (BEVs) accounted for 36% of the Chinese car market, with overall plugin sales reaching 1.3 million units, despite a slowdown in growth.  
- While BEVs saw a 20% increase, plug-in hybrid electric vehicles (PHEVs) declined by 10%, raising questions about the future of PHEV adoption amid contrasting narratives about the EV market.  
- Geely's Xingyuan is poised to become the best-selling model, reflecting a shift in consumer preference towards smaller, fully electric vehicles, as BYD's dominance wanes.

A Tale of Two Markets — BEVs Up 20% YoY & PHEVs Down 10% YoY…