About
The Chinese hardcore off-road market is growing rapidly, with traditional brands being replaced by domestic brands such as Tank, Beijing, and BYD. In 2024, sales are expected to surge by 110.1% year-on-year, with a projected market share exceeding 3% in 2025 and potentially reaching 13% by 2030. Automakers are shifting their strategic focus towards younger demographics, with Great Wall Motor's new Tank 400 aimed at attracting urban young users, blurring the lines between hardcore off-road vehicles and urban SUVs
The global Electric Vehicle (EV) market is experiencing rapid growth driven by climate policies and consumer preference for sustainable energy. China leads the market, expected to contribute over 60% of global sales by 2025, while Europe and the US follow with 25% and 10%, respectively. The market is transitioning towards intelligent mobility, with projections indicating a compound annual growth rate of over 30% from 2025 to 2030. Key players like Tesla, BYD, and Nio are positioned to capitalize on this trend, which is reshaping the transportation ecosystem.
Avary Holding's October consolidated revenue down 3.1% Y/Y