carVertical reports 40% revenue rise as Portuguese demand for Chinese cars surges

carVertical announced a 40% increase in 2025 revenue, reaching €75.8 million, up from €53.9 million in 2024. The growth was driven by expansion in established and emerging markets, new product features and stronger strategic partnerships. In Portugal, the company saw especially strong performance, with B2B revenue up 83% and a 197% increase in Portuguese B2B sales. Over the year carVertical entered six new markets – Ireland, Austria, Moldova, New Zealand, Bosnia‑Herzegovina and the Netherlands – and now draws on more than 1,000 data sources to deliver detailed vehicle history reports.

At the same time, the Portuguese online car portal Standvirtual reported that searches for Chinese automotive brands jumped 274% year‑on‑year, raising their market share from about 1% to 2.35%. Interest in Chinese electric models rose 329%, now accounting for 10% of all electric‑vehicle searches, with BYD’s Atto 3 leading the list and BYD and MG dominating the top ten. Listings of new Chinese cars on the portal quadrupled, representing over 10% of new‑car offers, while used‑car listings grew 132%.

Both trends underline a growing Portuguese appetite for transparent used‑car data and for affordable electric vehicles from Chinese manufacturers.