美国政府公布全新关税政策 当地时间4月2日，美国总统特朗普一系列新关税政策"靴子落地"。按照白宫发布的声明，美国将对贸易 伙伴设立10%的"基准关税"，并对某些贸易伙伴征收更高关税，此外，还明确对所有进口汽车加征25%的关 税。 点 击 蓝 字 关 注 我 们 本文全文共 1533 字，阅读全文约需 5 分钟 对美国车市的影响：冲击产能，抬高售价，低价车首当其冲 2024年，在美国售出约1600万辆汽车中，有约46%是进口汽车，且在美组装的汽车近60%的零部件来自国 外。因此，加征关税将直接提高美国本土汽车售价，大部分本土车企的产能也将受到打击。预计加征关税后， 薄利多销的低价车型将首当其冲，面临"市场淘汰"。 对欧洲车企影响 | 美国全新关税政策落地 | | | | | 关税政策框架:10%基准关税+国别差异化对等关税 | | | 美国全面征收25%的进口 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 生效时间 | 覆盖范围 | | 税率 | 进口乘用车(轿车、 | | 基准 | | | | 4月5日 | 所有进口商品 ...

点 击 蓝 字 关 注 我 们 本文全文共 1665 字，阅读全文约需 5 分钟 2025年4月30日，中国汽车流通协会发布的最新一期"中国汽车经销商库存预警指数调查"VIA（Vehicle Inventory Alert Index）显示，2025年4月中国汽车经销商库存预警指数为59.8%，同比上升0.4个百分点，环比 上升5.2个百分点。库存预警指数位于荣枯线之上，汽车流通行业处在不景气区间。 4月上旬，受北方农忙及南方部分地区风俗性大宗消费延迟影响，车市表现平淡。下旬上海国际车展召 开，大量新车待发。一方面为车市注入活力，另一方面也带来消费者短期观望。调查结果显示：45.9%的经销 商认为车展对终端销量推动作用有限，仅带来短期热度提升。新车密集发布与营销活动，吸引消费者到店，带 动订单转化率环比增长。然而，市场竞争加剧导致终端价格持续下行，消费者观望情绪蔓延，削弱了车展对短 期内成交的拉动作用。 调查还显示，58.2%的经销商表示4月销量下滑，其中38.4%的经销商认为降幅超5%，仅18.5%的认为销量 环比上升。整体来看，上海车展带来全社会对汽车品牌及新产品的关注，对车市销量的推动将在车展后逐步释 ...

Domestic News - The People's Bank of China announced a reduction in the reserve requirement ratio for financial institutions by 0.5 percentage points starting May 15, 2025, and a 5 percentage point reduction for auto finance and leasing companies [2] - Guangdong Province encourages Guangzhou and Shenzhen to further relax vehicle purchase restrictions, including issuing more purchase quotas and allowing direct applications for regular vehicle quotas for individuals who have been unsuccessful in obtaining them [3] - Guangdong's plan to expand automotive consumption scenarios includes support for local standards for vehicle modifications, promoting international automotive events, and enhancing the second-hand car market through transparency measures [4] - Geely announced plans to acquire all issued shares of Zeekr, aiming for a complete merger to enhance resource integration and operational efficiency [5] - The Tank 400 model from Great Wall Motors offers a limited-time purchase incentive of up to 32,000 yuan, including various subsidies [7] - Lantu's Dreamer model has fully rolled out the Huawei QianKun intelligent driving system, enhancing safety and convenience features [8] - Li Auto has launched 119 new supercharging stations in one week, bringing the total to over 2,200 stations nationwide, with plans for extensive coverage of national highways and major urban areas [9] - A new automotive industry development company with a registered capital of 5 billion yuan has been established in Shenyang, focusing on automotive parts and new energy vehicle production [10] International News - The European Parliament approved relaxed carbon emission rules for car manufacturers, allowing more time for compliance and reducing potential fines [11] - New car sales in the UK fell by 10.4% year-on-year in April 2025, marking the sixth decline in seven months, although electric vehicle sales increased by 8.1% [12] - Mercedes-Benz has partnered with Luminar to develop next-generation lidar sensors, marking a shift from purchasing existing products to collaborative development [13] - Mitsubishi Motors has signed a memorandum of understanding with Foxconn to develop an electric vehicle for the Australian and New Zealand markets, expected to launch in the second half of 2026 [14] Commercial Vehicles - CATL's Tianxing series batteries have become the first commercial power batteries to pass the new national standard for electric vehicle batteries in China [15] - The Remote Super VAN was showcased at the Birmingham Commercial Vehicle Show, marking its entry into the UK market and attracting significant media attention [16] - Dongfeng Liuzhou, West Science City Intelligent Connected Vehicle Innovation Center, and Zhiyu Weike signed a strategic cooperation agreement to collaborate on the development of new energy intelligent connected commercial vehicles [17] - A differentiated periodic emission inspection system for trucks will be trialed, allowing certain vehicles to bypass inspections if they meet remote monitoring requirements [19]

点 击 蓝 字 关 注 我 们 本文全文共 3667 字，阅读全文约需 12 分钟 本文详细资讯可在中国汽车流通协会乘用车市场信息联席分会官网下载：www.cpcaauto.com 1.本周车市概述 初步统计： 4月1-30日，全国乘用车市场零售179.1万辆，同比去年同期增长17%，较上月下降8%，今年 以来累计零售691.8万辆，同比增长9%；4月1-30日，全国乘用车厂商批发217.4万辆，同比去年同期增长12%， 较上月下降10%，今年以来累计批发845.2万辆，同比增长11%。 初步统计： 4月1-30日，全国乘用车新能源车市场零售92.2万辆，同比去年同期增长37%，较上月下降 7%，新能源市场零售渗透率52.3%，今年以来累计零售334.2万辆，同比去年增长37%；4月1-30日，全国乘用 车厂商新能源批发114.2万辆，同比去年同期增长41%，较上月增长1%，新能源厂商批发渗透率53.9%，今年以 来累计批发399万辆，同比增长42%。 2.2025年4月全国乘用车零售市场平稳 | | 1-6日 | 7-13日 | 14-20日 | 21-27日 | 28-30日 | 1-27日 | 全目 | ...

Domestic News - During the "May Day" holiday, over 60,000 applications for the old-for-new car subsidy were submitted, driving new car sales to 8.8 billion yuan [2] - In Songjiang, consumers can enjoy a maximum subsidy of 24,000 yuan when purchasing a car, with a tiered subsidy structure based on the car's price [3] - Beijing Hyundai's first pure electric platform SUV, ELEXIO, was officially unveiled and is expected to launch in the third quarter of this year [4] - Tesla's localization rate for parts has exceeded 95%, with over 400 local suppliers contributing to the Shanghai Gigafactory [5] - BAIC Group established the Anpeng Innovation Automotive Industry Investment Fund with a total investment of 1.9 billion yuan [7] - The service fee for the BaaS battery rental package for the Leidao L60 has been drastically reduced to 1 yuan, enhancing its competitiveness [8] - Pony.ai's Robotaxi service will be integrated into the Uber platform within this year, starting in the Middle East [9] - Bangbang Automotive Service and Great Wall Recycling Resources have reached a strategic cooperation agreement to enhance the automotive parts remanufacturing sector [10] International News - The U.S. may soon cancel the electric vehicle tax credit policy, as indicated by House Speaker Mike Johnson [12] - Rivian announced a $120 million investment to strengthen its supply chain near its Normal, Illinois factory [13] - Waymo plans to expand its autonomous taxi service to Atlanta, Miami, and Washington D.C. by 2026, in partnership with Magna to build a new factory [14] - LG Energy Solution aims to accelerate the localization of its supply chain in North America in response to regulatory changes affecting the battery industry [15] Commercial Vehicles - Zero One Automotive delivered its first batch of new energy heavy trucks in Shanghai, marking a significant step in its global strategy [16] - King Long Bus and Yuchai have secured a major order for 234 high-end customized tourist buses to be delivered to Saudi Arabia [18] - Scania's new parts center in Suzhou has officially opened, enhancing service response times and parts delivery efficiency [19] - Dongfeng Liuzhou's Chao Long H5V gas heavy trucks were delivered in bulk, featuring advanced fuel efficiency and lightweight technology [20]

Industry Information - The Ministry of Industry and Information Technology (MIIT) released the 2025 automotive standardization work points, focusing on promoting fuel consumption evaluation methods and indicators for passenger vehicles, as well as energy consumption limits for electric vehicles [7] - China's charging infrastructure has surpassed 13.749 million units, with a year-on-year growth of 47.6%, including 3.9 million public charging facilities and 9.849 million private charging facilities [8] - NIO has achieved "county-wide battery swap coverage" in Guangdong, with 428 battery swap stations covering 122 counties, and a total of 3,289 battery swap stations nationwide [34] - BYD's "Shenzhen" ship, the world's largest car transport ship, has set sail carrying over 7,000 electric vehicles to Brazil, marking the largest single batch export of new energy vehicles from China [32] - Xiaomi has partnered with 18 operators to expand its charging network, with over 1.26 million charging piles integrated into its charging map [30] Policy Information - Guangdong Shantou has implemented a trial management method for paid use of charging piles [16] - Inner Mongolia will provide a subsidy for new energy vehicle purchases at a ratio of 1:0.5 based on national subsidy standards [16] - The National Energy Administration has issued measures to promote the development of the private economy in the energy sector, supporting new energy technologies and charging infrastructure [17] - A new local standard for electric vehicle charging stations in Guangzhou will take effect on May 8, aiming to ensure fair transactions and improve service quality [18] Company Information - Leap Motor will provide an electric vehicle platform to FAW Hongqi to help expand its overseas market [29] - BYD's new passenger car factory in Cambodia is expected to start production in Q4 2025, with an annual capacity of 10,000 vehicles [33] - Xiaomi's YU7 model has introduced a new version with a range of 835 kilometers [35] - XPeng Motors has launched the industry's first intelligent assisted driving insurance, providing coverage for various scenarios [37] - SAIC Group's "Shangjie" project for high-end intelligent new energy vehicle production has officially settled in the Lingang New Area [38]

2025年4月共有22个工作日，与去年4月持平。由于"两新"政策的拉动，春节后车市热度较高，在国家促 消费政策推动下，很多省市出台并逐步落实了相应促消费政策，叠加车展等线下活动的全面启动，4月车市走 势良好。 根据商务部数据，截至4月24日24时，全国汽车以旧换新270.5万辆，较3月24日的150万辆，增加120万。 相对3月私人家用乘用车零售172万辆左右的规模，大约近70%的的私人购车用户是以旧换新的受益者，私人首 购用户降到31%左右，消费升级的增换购成为购车消费的绝对主流。 在国家以旧换新政策推动下，车企近期部分新品表现出色，推动吉利、广汽丰田、长安马自达等4家企业 新能源销量创出历史新高，零跑、小鹏、小米、蔚来4家创出接近历史最高水平的超优异表现。很多二线车企 的表现极其优秀，推高了新能源车的总体销量。 点 击 蓝 字 关 注 我 们 本文全文共 664 字，阅读全文约需 2 分钟 4月新能源乘用车市场预判 根据乘联数据，全国乘用车市场2025年3月，新能源批发销量达到万辆以上的厂商，其销量之和占总体新 能源乘用车当月销量的92.5%。根据5月初步汇总数据，这些3月销量万辆以上厂商的4月销量为10 ...

Group 1: Service Trade Performance - In Q1 2025, China's service trade totalled 19,741.8 billion yuan, a year-on-year increase of 8.7% [3] - Service exports reached 8,351.5 billion yuan, growing by 12.2%, while imports were 11,390.3 billion yuan, increasing by 6.2% [3] - The service trade deficit was 3,038.8 billion yuan, a decrease of 244.6 billion yuan compared to the same period last year [3] - Knowledge-intensive service trade grew to 7,524.9 billion yuan, up 2.6%, with significant contributions from business services and telecommunications [3] - Travel services saw the highest growth, with total imports and exports reaching 5,849 billion yuan, a 21.8% increase, and exports surged by 97.5% [3] Group 2: Manufacturing PMI Analysis - In April 2025, the manufacturing PMI was 49.0%, down 1.5 percentage points from the previous month, indicating a decline in manufacturing activity [5] - The production index was at 49.8%, reflecting a slight slowdown in manufacturing production [6] - The new orders index fell to 49.2%, suggesting a decrease in market demand for manufactured goods [7] - The raw materials inventory index dropped to 47.0%, indicating a reduction in the inventory levels of key raw materials [8] - The employment index was at 47.9%, showing a decline in employment levels within the manufacturing sector [9] Group 3: Non-Manufacturing PMI Insights - The non-manufacturing business activity index was 50.4% in April 2025, down 0.4 percentage points but still indicating expansion [10] - The construction sector's business activity index was 51.9%, while the services sector's index was 50.1%, both showing a decline from the previous month [10] - The new orders index for non-manufacturing fell to 44.9%, indicating a drop in market demand [10] - The input prices index was at 47.8%, suggesting a decrease in the overall price level of inputs used in non-manufacturing activities [11] - The business activity expectations index remained optimistic at 56.0%, despite a slight decline [11] Group 4: Comprehensive PMI Overview - The comprehensive PMI output index was 50.2% in April 2025, down 1.2 percentage points but still above the critical point, indicating continued expansion in production activities [13]

Market Overview - The sales of new energy commercial vehicles reached 78,047 units in March 2025, a 50.39% increase compared to the same month last year, with a penetration rate of 22.29% [6] - For the first quarter of 2025, total sales were 159,998 units, representing a 66.06% increase year-on-year, with a penetration rate of 20.18% [6] Policy Developments - The Ministry of Transport and ten other departments released guidelines to promote the integration of transportation and energy, aiming for non-fossil energy installations along transport routes to exceed 5 million kilowatts by 2027 and for pure electric vehicles to become mainstream by 2035 [5][10] - The National Energy Administration announced measures to support the development of the private sector in the energy field, including the promotion of virtual power plants and smart microgrids [5][9] Industry Data - The sales of electric trucks surged by 78.04% year-on-year in March 2025, with a penetration rate of 15.69% [6] - Heavy-duty trucks saw a remarkable increase of 180.91% year-on-year, with a penetration rate of 19.82% [6] Company Developments - Jianghuai Automobile launched the ES9 new energy light truck in Shenzhen, targeting the logistics market with its performance and efficiency [15] - Huawei Digital Energy aims to achieve a "ten kilometers per kilowatt-hour" standard, enhancing the electric vehicle experience [19] - Weir Electric achieved a significant breakthrough in the industrialization of its X-PIN stator line, with daily output surpassing 800 units and a yield rate exceeding 92% [19] Infrastructure Initiatives - The Chengdu government issued policies to enhance electricity supply capabilities, promoting smart charging facilities [8] - The guidelines emphasize the construction of charging and hydrogen stations to support the transition to clean energy vehicles [13] Export Performance - BYD led the export of new energy buses in Q1 2025, with 945 units sold, marking a 55.43% year-on-year increase and capturing a market share of 31.53% [19]

Core Viewpoint - The article discusses the recent trends and developments in the Chinese passenger car market, focusing on the "New Four Modernizations" index, which includes electrification, intelligence, and connectivity indices, highlighting the recovery and growth in the market as of March 2025 [3][12]. Group 1: New Four Modernizations Index - The New Four Modernizations Index for March 2025 is reported at 52.2, with the electrification index at 51.1, intelligence index at 4.4, and connectivity index at 25.7 [5][8]. - The electrification index has returned to above 51, indicating a positive trend in the market [8][12]. - The intelligence and connectivity indices have shown significant rebounds compared to the previous month, suggesting a recovery in these areas as well [10][12]. Group 2: Market Performance - In March 2025, the retail sales of passenger vehicles reached 1.94 million units, representing a year-on-year growth of 14.4% and a month-on-month increase of 40.2% [12]. - The retail sales of new energy vehicles (NEVs) reached 991,000 units, with a year-on-year growth of 38.0% and a month-on-month growth of 45.0% [12]. - The article notes a significant recovery in the passenger car market in March, with expectations for continued growth driven by popular models and upcoming new car launches around the Shanghai Auto Show [12]. Group 3: Index Calculation and Definition - The New Four Modernizations Index is composed of one primary index and three secondary indices, reflecting the market performance of vehicles meeting the standards of electrification, intelligence, and connectivity [14][15]. - The calculation method for the indices involves determining the market share of vehicles that meet any of the criteria for electrification, intelligence, or connectivity [14]. - Definitions for electrification, intelligence, and connectivity are provided, detailing the specific criteria that vehicles must meet to be included in the respective indices [15].