Core Viewpoint - In the first seven months of 2025, China's total goods trade value reached 25.7 trillion yuan, reflecting a year-on-year growth of 3.5%, with exports increasing by 7.3% and imports decreasing by 1.6% [5]. Trade Performance - Total goods trade value for July 2025 was 3.91 trillion yuan, marking a growth of 6.7%, with exports at 2.31 trillion yuan (up 8%) and imports at 1.6 trillion yuan (up 4.8%) [5]. - General trade and processing trade both saw increases, with general trade at 16.44 trillion yuan (up 2.1%) and processing trade at 4.6 trillion yuan (up 6.3%) [5][6]. Trade Partners - ASEAN emerged as China's largest trading partner with a total trade value of 4.29 trillion yuan (up 9.4%), followed by the EU at 3.35 trillion yuan (up 3.9%) and the US at 2.42 trillion yuan (down 11.1%) [5][6]. Enterprise Contributions - Private enterprises contributed significantly with a total trade value of 14.68 trillion yuan (up 7.4%), accounting for 57.1% of total foreign trade [6]. - Foreign-invested enterprises had a trade value of 7.46 trillion yuan (up 2.6%), while state-owned enterprises saw a decline to 3.49 trillion yuan (down 8.8%) [6]. Export Composition - Mechanical and electrical products constituted 60% of exports, totaling 9.18 trillion yuan (up 9.3%), with notable growth in integrated circuits (up 21.8%) and automobiles (up 10.9%) [6]. - Labor-intensive products saw a slight decline in exports, totaling 2.41 trillion yuan (down 0.8%) [6]. Import Trends - Major bulk commodity prices fell, with iron ore imports at 6.97 million tons (down 2.3%) and crude oil at 3.27 million tons (up 2.8%) [7]. - Imports of mechanical and electrical products increased to 4.09 trillion yuan (up 5.8%) [7].

Domestic News - In July, China's power battery installation volume reached 55.9 GWh, with a month-on-month decrease of 4.0% but a year-on-year increase of 34.3%. The total battery production for July was 133.8 GWh, up 3.6% month-on-month and 44.3% year-on-year [3] - A new national standard for the transportation of lithium batteries will be implemented on February 1, 2026, aimed at enhancing the safety and efficiency of lithium battery logistics, which is crucial for the high-quality development of the industry [4] - GAC Aion plans to invest up to 30% in Huawang Automobile, which aims to create a new high-end automotive brand targeting the 300,000 RMB market [5] - Chery's Omoda and Jaecoo brands are entering the Iraqi market through a distribution agreement with Jameel Motors, with initial models including both fuel and plug-in hybrid vehicles [6] - Lantu's flagship SUV will feature Huawei's ADS Ultra four-laser radar intelligent driving solution, enhancing user experience through advanced technology [7] - Huawei's Yu Chengdong announced the S800 model, which integrates six-domain fusion technology for improved comfort and safety [8] - Tesla's global vice president, Tao Lin, emphasized the company's commitment to battery recycling, with 90% of waste materials being reused in new battery production [9] - Zebra Intelligent's associated company increased its registered capital to approximately 3.2 billion RMB, marking a 13% increase [10] International News - In July, U.S. electric vehicle sales surged to over 130,000 units, a 20% year-on-year increase, driven by lower prices and incentives from automakers [12][13] - Japan's new car sales fell by 3.6% year-on-year in July, with total sales for the first seven months up by 8% compared to the previous year [14] - Italy approved a new subsidy plan worth approximately 698 million USD to boost electric vehicle sales, offering up to 10,000 EUR in subsidies for individual buyers [15] - Ford announced a plan to invest 5 billion USD in electric vehicles, focusing on producing affordable models starting in 2027 [16] Commercial Vehicles - Foton's Tuyano X5 HEV was officially launched, featuring a hybrid system with a starting price of 126,800 RMB [19] - BYD's electric heavy truck has entered the supply chain of Conch Cement, showcasing a model that combines long-range capabilities with fast charging [20] - FAW Jiefang launched its new high-power Eagle Road product, targeting the natural gas heavy truck market [21] - Jiangling Motors partnered with CATL to advance the battery swap ecosystem for logistics vehicles [22]

Domestic News - Hubei Xiaogan offers a maximum subsidy of over 22,500 yuan for purchasing new energy vehicles, with significant consumer interest leading to 150 orders and over 600 test drives recorded at the event [6] - Zhongchuang Innovation and GAC Gaoyue signed a strategic cooperation agreement in the eVTOL field, aiming to standardize power products for eVTOL applications, with a new battery achieving over 300Wh/kg energy density [7] - Chengdu has launched a new round of automobile consumption subsidies, offering up to 6,500 yuan for purchasing new cars in specific districts [8] - GAC Group announced a high-end brand in collaboration with Huawei, expected to launch next year, targeting the high-end market with advanced technology solutions [9] - The ZhiJie brand 2.0 strategy is accelerating, with user centers being established in multiple cities to enhance customer engagement [10] - Zeekr 7X has officially launched in the Australian market with a starting price of 57,900 AUD, featuring advanced battery options and impressive range [11] - From September 1, Jiangsu Province will waive towing fees for vehicles in need of rescue on highways, ensuring free service for stranded motorists [12] - Xiaopeng Motors added 86 self-operated charging stations in July, expanding its network to over 2,440 stations across 430 cities [13] International News - Tesla has received a ride-hailing license in Texas, paving the way for its Robotaxi service under new state regulations [15] - The Indian government has extended its $1.2 billion electric vehicle subsidy program for two more years, aiming to boost EV adoption and infrastructure [16] - Brazil's automotive exports are expected to surge by 38.4% this year, driven by strong demand from Argentina, significantly revising previous forecasts [17] - Italy has approved a new subsidy plan worth approximately 698 million USD to stimulate electric vehicle sales, offering substantial incentives for buyers [18] Commercial Vehicles - Yuanmeng's alcohol-hydrogen products have officially launched in Inner Mongolia, with significant orders for hydrogen-powered trucks and buses [19] - GAC Lingcheng's new energy heavy truck T9 has officially rolled off the production line, marking a breakthrough in high-end new energy commercial vehicles [20] - JAC's electric pickup truck, HanTu EV, has been successfully delivered to a Singaporean airline, enhancing JAC's presence in the international market [21] - Weidu's pure electric heavy truck has completed successful tests in Australia, demonstrating competitive performance in heavy-duty scenarios [22][23]

Core Viewpoint - The article discusses the recent announcements by the Ministry of Industry and Information Technology regarding the approval of new energy vehicle models and the tax incentives associated with them, highlighting the ongoing support for the development of the new energy vehicle industry in China [4][10]. Group 1: Announcement Details - On August 7, the Ministry of Industry and Information Technology released the 397th batch of the "Road Motor Vehicle Production Enterprises and Products" announcement, along with the 76th batch of the "Directory of Energy-Saving and New Energy Vehicle Models Eligible for Tax Reduction" and the 20th batch of the "Directory of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Exemption" [4][5]. - The announcement includes 89 automobile manufacturers, 357 private modified vehicle manufacturers, 4 over-limit vehicle manufacturers, and 1 three-wheeled vehicle manufacturer in the new product section [6]. Group 2: Vehicle Models and Tax Incentives - The 76th batch of the directory includes a total of 453 vehicle models, comprising 14 energy-saving vehicle models and 439 new energy vehicle models, which include 51 plug-in hybrid passenger cars, 346 pure electric commercial vehicles, 35 plug-in hybrid commercial vehicles, and 7 fuel cell commercial vehicles [7]. - The 20th batch of the directory lists 528 compliant models, with 428 pure electric vehicles (70 passenger cars, 55 buses, 63 trucks, and 240 special vehicles), 91 plug-in hybrid vehicles (52 passenger cars, 1 bus, 5 trucks, and 33 special vehicles), and 8 fuel cell vehicles [7]. Group 3: Future Developments - On August 8, the Ministry announced the upcoming 398th batch of the "Road Motor Vehicle Production Enterprises and Products" and the 77th batch of the "Directory of Energy-Saving and New Energy Vehicle Models Eligible for Tax Reduction," inviting public feedback during the announcement period [10][11]. - A total of 609 vehicle production enterprises applied for new product approvals, including 426 automobile manufacturers and 182 motorcycle manufacturers, with 1,798 new products submitted for approval [10].

Core Viewpoint - The domestic narrow passenger car market in China showed a retail sales volume of 1.837 million units in July 2025, representing a year-on-year increase of 6.9% but a month-on-month decrease of 11.9%. Cumulative sales from January to July reached 12.74 million units, up 10.2% year-on-year [2][4]. Sales Performance - July 2025 saw record highs in retail, export, wholesale, and production for passenger car manufacturers. The price war in the car market has calmed down, and the penetration rate of new energy vehicles (NEVs) reached 53.7% due to supportive policies [4]. - The overall car market is expected to follow a "low in the front, high in the middle, and flat in the back" trend for the year [4]. Wholesale Sales Rankings (July 2025) - BYD Auto led with wholesale sales of 341,030 units, a decrease of 9.7% month-on-month but a slight increase of 0.1% year-on-year, capturing 15.2% market share [5]. - Geely Auto and Chery Auto followed with 237,735 units (up 57.7% year-on-year) and 215,278 units (up 13.8% year-on-year), respectively [5]. Retail Sales Rankings (July 2025) - BYD Auto also topped the retail sales with 274,644 units, down 22.0% month-on-month and down 11.9% year-on-year, holding a 14.9% market share [7]. - Geely Auto achieved 202,447 units, reflecting a year-on-year increase of 71.0% [7]. New Energy Vehicle Sales Rankings (July 2025) - In the NEV wholesale segment, BYD Auto again led with 341,030 units, while Geely Auto saw a significant year-on-year increase of 120.4% with 130,142 units [11]. - Tesla China reported 67,886 units, down 8.4% year-on-year [11]. Cumulative Sales Rankings (January to July 2025) - BYD Auto maintained its lead with 2.454 million units sold, a year-on-year increase of 26.0% and a market share of 15.8% [6]. - Geely Auto and Chery Auto followed with 1.647 million units (up 48.8% year-on-year) and 1.429 million units (up 14.6% year-on-year), respectively [6].

Core Viewpoint - The article provides an overview of new vehicle models set to launch in August 2025, detailing specifications, pricing, and market segments for each model [2][3]. Group 1: New Vehicle Launches - SAIC Audi will launch the Audi A5L Sportback on August 1, 2025, with a price range of 27.99 to 39.99 million yuan, targeting the B NB segment [6][5]. - Dongfeng Motor will introduce the e π 008 on August 1, 2025, priced between 18.86 and 20.36 million yuan, positioned in the C SUV segment [14][13]. - FAW Car will release the Benben Xiaoma on August 2, 2025, with a price of 3.69 million yuan, aimed at the A00 HB segment [22][21]. - Chery Jaguar Land Rover will launch the Jaguar XFL on August 5, 2025, with a price range of 43.99 to 48.99 million yuan, targeting the C NB segment [30][29]. - FAW-Volkswagen will introduce the Jixing on August 5, 2025, with a price range of 26.99 to 29.99 million yuan, positioned in the C SUV segment [38][37]. - Geely Auto will launch the Lynk & Co 06 on August 5, 2025, with a price range of 11.76 to 12.96 million yuan, targeting the AO SUV segment [46][45]. - FAW Audi will release the Audi A5L on August 7, 2025, with a price range of 25.58 to 30.98 million yuan, aimed at the B NB segment [54][53]. - Audi FAW will launch the Audi Q6L e-tron on August 7, 2025, with a price range of 36.98 to 39.98 million yuan, targeting the B SUV segment [62][59]. - Audi FAW will also introduce the Audi Q6L Sportback e-tron on August 7, 2025, with a price range of 38.98 to 41.98 million yuan, positioned in the B SUV segment [70][67]. - Changan Automobile will launch the UNI-V on August 7, 2025, with a price range of 10.29 to 11.99 million yuan, targeting the A NB segment [78][75]. - SAIC-GM-Wuling will introduce the Baojun Yueye Plus on August 8, 2025, priced at 11.68 million yuan, aimed at the AO SUV segment [86][83].

Core Viewpoint - The article highlights the significant growth in the export of new energy commercial vehicles, particularly electric trucks, and discusses the challenges faced by Chinese automotive companies in international markets. Policy and Regulations - The National Certification and Accreditation Administration has released new regulations for mobile power supply certification, effective from August 15, 2025, which includes a new grading system for production enterprises [8][9]. - The National Development and Reform Commission has allocated 200 billion yuan for equipment updates under the "old for new" policy, with 86.5% of the first batch of funds already distributed [10][11]. Market Insights - In the first half of 2025, the export of new energy trucks reached 43,400 units, marking a 223% year-on-year increase, with a penetration rate of 9.1% [16][20]. - South Asia and Oceania emerged as the largest export markets, with a staggering growth of 3765.3% [21][20]. - Australia was the top export destination, with sales of 16,600 units, reflecting a 3475.4% increase [23][21]. Company Monitoring - SAIC Maxus launched the 2026 Starry Pickup family, introducing the "Star Stack Platform" designed specifically for pickups [45][49]. - Modern Automotive unveiled a new hydrogen fuel cell bus with a range of 960 kilometers, enhancing its product lineup in the clean energy sector [32][37]. - Jianghuai Commercial Vehicles released the Jianghuai 1van series, targeting various operational scenarios with a comprehensive product matrix [43][44].

Market Overview - In June 2025, the national used car market saw a transaction volume of 1.6575 million units, with a month-on-month increase of 3.34% and a year-on-year increase of 9.12%. The total transaction value reached 106.839 billion yuan [3] - From January to June 2025, the cumulative transaction volume of used cars was 9.5701 million units, representing a year-on-year growth of 1.99%, with a total transaction value of 623.238 billion yuan [3][13] Weekly Analysis - From July 21 to 27, 2025, the used car market maintained steady performance with an average daily transaction volume of 65,000 units, a month-on-month increase of 0.79% but a decrease of 1.9% compared to the same period in June [6] Segment Market Changes - In June 2025, the transaction volume of basic passenger cars was 922,700 units, with a month-on-month increase of 2.22% and a year-on-year increase of 5.80%. SUVs sold 216,200 units, with a month-on-month increase of 3.20% and a year-on-year increase of 4.96% [8] - Commercial vehicles also showed positive trends, with passenger cars selling 95,700 units (up 4.64% month-on-month) and cargo vehicles selling 146,500 units (up 4.67% month-on-month) [8] Vehicle Age Analysis - In June 2025, vehicles aged 3-6 years accounted for the largest share of transactions at 42.23%, a month-on-month increase of 0.15% but a year-on-year decrease of 2% [19] - For the first half of 2025, vehicles aged 3-6 years also dominated, accounting for 45.3% of transactions, a year-on-year decrease of 1.2 percentage points [20] Price Range Analysis - In June 2025, the largest market share was for vehicles priced below 30,000 yuan, accounting for 31.2%, a month-on-month decrease of 1.2 percentage points. Conversely, the share of vehicles priced between 80,000 and 150,000 yuan increased [25] - The average transaction price for used cars in June was 64,500 yuan, showing a slight increase from May and the same period last year [28] Regional Performance - In June 2025, the East China region had a transaction volume of 471,900 units, up 3.03% month-on-month. The South Central region followed closely with 452,500 units, up 2.99% month-on-month [26] - The Southwest region was the only area to see a decline, with a transaction volume of 250,600 units, down 0.63% month-on-month [26] New Energy Vehicle Market - In June 2025, the national transaction volume of used new energy vehicles reached 141,100 units, a month-on-month increase of 16.7% and a year-on-year increase of 64% [32] - From January to June 2025, the cumulative transaction volume of new energy vehicles was 686,500 units, a year-on-year increase of 35.5% [32] Used Car Circulation Analysis - The transfer rate of used cars in June was 29.52%, a month-on-month decrease of 0.22 percentage points but a year-on-year increase of 1.1 percentage points. The total transfer volume was 489,200 units, up 2.58% month-on-month [44] Dealer Insights - In June 2025, the top five provinces for transfer rates were Beijing (34.38%), Zhejiang (31.86%), Hebei (31.56%), Guangdong (31.56%), and Shanghai (30.69%) [51]

New Car Transaction Situation - In June, Beijing's new car transactions reached 69,300 units, with a month-on-month increase of 37.15% and a year-on-year increase of 12.52%. The month-on-month growth rate exceeded the national average by 29.05 percentage points, while the year-on-year growth rate was 1.28 percentage points lower than the national average [3] - From January to June, a total of 304,300 new cars were traded in Beijing, representing a year-on-year decrease of 3.5%, with growth lagging behind the national average by 14.9 percentage points [3] Imported Car Sales Situation - In June, Beijing's imported car transactions totaled 2,446 units, showing a month-on-month decrease of 2.86% and a year-on-year decrease of 20.58% [7] - From January to June, the cumulative transactions of imported cars in Beijing were 14,500 units, reflecting a year-on-year decline of 21.65% [7] New Energy Vehicle Sales Situation - In June, Beijing's new energy vehicle transactions reached 45,500 units, with a month-on-month increase of 52.74% and a year-on-year increase of 37.92%, accounting for 65.74% of total new car transactions [13] - Pure electric vehicle sales were 31,800 units, making up 69.72% of new energy vehicle sales [13] - From January to June, a total of 172,800 new energy vehicles were traded in Beijing, marking a year-on-year growth of 18.56% and accounting for 60.31% of total new car transactions [13] Used Car Transaction Situation - In June, Beijing's used car transaction migration rate was 34.38%, showing a month-on-month decrease of 0.82 percentage points and a year-on-year decrease of 1.79 percentage points [19] - The number of used car transactions in June reached 63,200, with a month-on-month increase of 18.56% and a year-on-year increase of 12%. The new-to-old car ratio was 1:0.91 [20] - From January to June, the cumulative number of used car transactions was 323,100, reflecting a year-on-year decrease of 0.6%, with a new-to-old car ratio of 1:1.06 [20] Market Overview - The rapid recovery of Beijing's automotive consumption in June was attributed to the issuance of 60,000 new energy vehicle indicators, which significantly boosted new car transactions [22] - The new energy vehicle market share reached a record high of 65.74% in June, indicating strong growth driven by policy support [22] - The overall increase in new car sales in June positively impacted the used car market, leading to a notable recovery in transaction volumes [22] - Despite the recovery in June, the used car market still faced challenges, with transaction values declining significantly compared to the previous year [22]

Core Viewpoint - The overall passenger car market in June 2025 shows a decline in both transaction prices and discounts, indicating a competitive market environment with varying trends across different vehicle segments [4][12]. Group 1: Overall Market Price Changes - The overall market price change index for June is -2.13, with an average transaction price of 155,200 yuan, reflecting a month-on-month decrease of 1,959 yuan or 1.2% [4]. - The car market specifically saw a more significant decline, with a price drop of 3,278 yuan or 2.47% [5]. Group 2: Discounts in the Market - The overall discount change index for June is 1.46, with an average discount of 30,100 yuan, which is an increase of 497 yuan or 1.68% from the previous month [4]. - Discounts in the car market have been increasing, with a notable rise of 3.9% [6]. Group 3: Segment-Specific Price Changes - In the SUV market, the price index is -1.88, with an average transaction price of 168,900 yuan, reflecting a decrease of 1,362 yuan or 0.8% [11]. - The MPV market shows a price increase, with an index of 0.1 and an average price of 274,300 yuan, up by 3,959 yuan or 1.46% [11]. Group 4: New Energy Vehicle Market - The overall price change index for the new energy market is -3.36, with an average transaction price of 157,500 yuan, indicating a decrease of 1,869 yuan or 1.17% [12]. - The new energy sedan market experienced a significant price drop of 4,136 yuan or 3.45% [16]. Group 5: Segment-Specific Discounts in New Energy Vehicles - The overall discount change index for the new energy market is 0.83, with an average discount of 11,400 yuan, which is a decrease of 138 yuan or 1.19% from the previous month [13]. - Discounts in the new energy sedan market have increased significantly, particularly in lower segments, with A00 level discounts rising by 35.4% [16].