China’s quarterly car imports (for Q1 2025) came to 95,000 units, falling below 100,000 for the first time since several years before the pandemic. Meanwhile BYD sold 1 million units, also reporting that its quarterly net income has doubled year-on-year to $1.26 billion, with revenue up 36% and profit margin maintained at over 20%. Needless to say these statistics are not a coincidence – Chinese EV sales in general have decisively swung to over 50% of the total, and EVs are made in China, pushing out imports. China’s Q1 vehicle imports were only 2.6% EVs, in stark contrast to domestic production and sales. BYD went on to sell a further 380,000 New energy vehicles (NEVs) in April, of which 80,000…