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China raised its sales target for electrified cars to account for 25% of automobile sales by 2025, according to The Ministry of Industry and Information Technology, as the country tries to reduce air pollution as well as its reliance on oil import. Although its penetration rate is currently 5%, it remains on the growth trajectory incentivized by governments' stimulus policies.  NASDAQ-listed EV makers Tesla (TSLA) and Nio (NIO) have seen their stocks rally by almost 400% since January, and newly-listed EV startups Li Auto (Li) and XPeng Motors (XPEV) soared 50% and 30% respectively since IPO. While investors are placing their bets on a brighter future for electric vehicles, everyone is eyeing the actual market demand closely.  The overall China EV market experienced a fast recovery after months of COVID-19 disruption. Our card data, which tracks car purchases as well as deposits, accurately predicted the recovery trend spearheaded by Tesla. Who will dominate the race for EV supremacy amid the intensifying competition? For real-time tracking of EV makers’ China performance, along with our specific methodology, please contact us

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