Top 5 EV makers by permanent magnet motor power deployed
From January through June 2025, the combined permanent magnet traction motor power rolled onto global roads in newly sold passenger EVs, including plug-in and traditional hybrids, totaled 1.88 TW, a 31% increase from the same six months last year.
Globally, so far this year, PM EV motors represented nearly 91% of overall motor power deployed, induction motors 6% (up 12% year on year) and electrically excited synchronous motors 3% (up 1% year on year).
Way out front, BYD deployed 274.0 GW of PM motor power onto roads globally, outpacing overall growth with an eye-catching 39% year-on-year jump.