If 2024 was the year that traditional foreign automakers were shown the exit on China's car market, 2025 looks to be the year that a few local electric car companies can solidify their leadership. The Hong Kong-traded automaker is Nomura's top pick for the China car market. But the U.S. electric car company sells in a far higher price range than most of BYD's models. Geely owns U.S.-listed electric car company Zeekr and other auto brands, including Swedish brand Volvo, which the Chinese company acquired from Ford in 2010. Among the publicly traded Chinese electric car startups, Citi analysts have buy ratings on Nio and Leapmotor , but not Xpeng or Li Auto, both rated neutral.

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Persons: Nomura, BYD, Tesla, Huawei's, Yongda, Li Auto, Xpeng, Nio, Li Organizations: Hong, Elon Musk's, CNBC, China Passenger Car Association, Nomura, HSBC, Automobile, EV, Geely, Volvo, Ford, General Motors, SAIC Motor Corp, SAIC GM Wuling, GM, Citi, Huawei, Li Auto, Nio's U.S, Nio Locations: China, Hong Kong, Friday's, U.S, Swedish, Yongda