Core Viewpoint - The article announces the upcoming "2025 Passenger Car Market Analysis Release Conference," which will provide insights into the national passenger car market dynamics, industry policies, pricing, used cars, new energy vehicles, commercial vehicles, and the Shanghai automotive market [1][2]. Group 1: Conference Details - The conference will be hosted by the China Automobile Dealers Association Passenger Car Market Information Joint Conference Secretariat and co-organized by various organizations including Sohu Auto and Ipsos (China) Consulting Co., Ltd. [1] - The online report will be released on October 13, 2025, at 10:00 AM [1]. - The report will cover multiple topics, including: 1. September 2025 Shanghai automobile market registration data [1] 2. Analysis of the 2025 version of the "Passenger Car Fuel Consumption Evaluation Methods and Indicators" standard [1] 3. Focus on the 2025 TEDA Forum [1] 4. August 2025 new energy vehicle industry monthly report [1] 5. September 2025 light commercial vehicle market forecast research report [1] 6. August 2025 national used car market in-depth analysis [1][2] 7. August 2025 Beijing automobile market analysis [2] 8. September 2025 national passenger car market analysis [2]

Core Viewpoint - The latest Vehicle Inventory Alert Index (VIA) for September 2025 indicates a slight increase in the inventory warning index, suggesting a decline in the automotive circulation industry's prosperity despite a seasonal demand boost during the "golden September" period [2][4]. Inventory Warning Index - The inventory warning index for September 2025 is reported at 54.5%, which is a year-on-year increase of 0.5 percentage points but a month-on-month decrease of 2.5 percentage points [2]. - The index remains above the threshold of 50%, indicating that the overall market demand is still relatively stable, although the industry's health is showing signs of decline [2][4]. Market Demand and Sales Performance - In September, various regions implemented changes to vehicle trade-in subsidy policies, which may suppress short-term demand [4]. - Despite these challenges, the back-to-school season and wedding-related purchases, along with promotional activities by dealers, have improved order conversion rates [4]. - Approximately 54.8% of dealers reported that new car sales did not meet their expectations, while 45.2% achieved or exceeded their targets [4]. Dealer Challenges - Dealers are facing multiple pressures, including a lack of customer traffic, ongoing price inversions, and declining profitability [4]. - The most common challenge reported is insufficient customer flow, with a decrease in natural foot traffic and low online lead conversion rates [4]. - Price inversions persist, partly due to unsold older models, which exacerbate cash flow issues for dealers [4]. Regional Index Overview - The national index stands at 54.5%, with regional variations: North at 55.2%, East at 52.7%, West at 49.3%, and South at 61.9% [6]. - The index for luxury and imported brands, joint ventures, and domestic brands has shown a month-on-month decline [7]. Future Market Expectations - The automotive market in October is expected to follow a "high opening and steady trend" due to seasonal patterns and ongoing subsidy policies [8]. - The upcoming National Day and Mid-Autumn Festival are anticipated to drive customer traffic and sales, supported by promotional activities from dealers [8]. - The China Automobile Circulation Association advises dealers to realistically assess market demand and enhance promotion of trade-in and scrapping policies to boost consumer confidence [8].

Market Overview - In September 2025, the retail sales of passenger cars in China reached 2.239 million units, a year-on-year increase of 6% and a month-on-month increase of 11%. Cumulatively, retail sales for the year reached 17.004 million units, up 9% year-on-year [1][4] - The wholesale volume of passenger cars in September 2025 was 2.770 million units, representing an 11% increase year-on-year and a 12% increase month-on-month. Year-to-date wholesale volume reached 20.812 million units, up 13% year-on-year [1][9] New Energy Vehicle (NEV) Market - Retail sales of new energy vehicles in September 2025 were 1.307 million units, a 16% increase year-on-year and a 17% increase month-on-month, with a penetration rate of 58.5%. Year-to-date retail sales reached 8.878 million units, up 24% year-on-year [1][4] - Wholesale volume of new energy vehicles was 1.489 million units in September 2025, a 21% increase year-on-year and a 15% increase month-on-month, with a penetration rate of 53.8%. Year-to-date wholesale volume reached 10.433 million units, up 32% year-on-year [1][9] Weekly Sales Trends - The average daily retail sales for the first week of September 2025 were 43,885 units, down 10% year-on-year and down 4% month-on-month [3] - The average daily retail sales for the fifth week of September 2025 surged to 155,000 units, a 43% increase year-on-year and a 48% increase month-on-month [4] Manufacturer Wholesale Trends - The average daily wholesale volume for manufacturers in the first week of September 2025 was 44,000 units, down 5% year-on-year but up 9% month-on-month [8] - The average daily wholesale volume for the fifth week of September 2025 reached 222,360 units, a 57% increase year-on-year and a 37% increase month-on-month [9] Industry Profitability - From January to August 2025, the automotive industry reported a profit margin of 4.5%, with total revenue of 680.49 billion yuan, an 8% year-on-year increase. However, profits decreased by 0.3% year-on-year to 30.35 billion yuan [12] - In August 2025, the automotive industry revenue was 88.56 billion yuan, a 7.5% increase year-on-year, but profits fell by 10% year-on-year to 2.98 billion yuan, indicating a decline in profitability [12] Global Market Share - In the first eight months of 2025, China accounted for 34% of the global automotive market, with 21.1 million units sold, a 12% increase year-on-year [13] - China held a dominant 68% share of the global new energy vehicle market in the same period, with significant growth in both pure electric and plug-in hybrid vehicles [14][16]

Domestic News - Shanghai has adjusted its vehicle scrapping and replacement subsidy policy, effective from October 13, 2025, to December 31, 2025, requiring public lottery for subsidy qualification [5] - Shenzhen supports fully autonomous vehicle testing in vehicles, aiming to enhance the smart connected vehicle industry by easing application processes and costs [6] - Jilin Province has implemented a new vehicle scrapping subsidy policy starting October 11, 2025, with a reservation qualification system and subsidies of 20,000 yuan for new energy vehicles and 15,000 yuan for fuel vehicles [7] - BYD has announced a patent for a naked-eye 3D imaging system, which can enhance visual space within vehicle cabins [8] - NIO Energy reported providing over 1.9 million charging services during the 2025 National Day holiday, with a significant increase in battery swap services [9] - Zhiji Auto has officially launched its IM5 and IM6 models in Singapore, marking a significant step in its global expansion [10] - Hongqi brand has debuted three new models in Mexico, officially entering the Latin American market [11] - CATL has repurchased shares worth 4.386 billion yuan and completed a financing round for its intelligent chassis technology, valued over 10 billion yuan [12][13] International News - The U.S. has seen a record increase in electric vehicle charging stations, with approximately 780 new public fast charging stations added in Q3 2025, marking a 19% growth in the first nine months [13] - South Korea's imported car sales surged by over 30% in September 2025, with Tesla leading the market [14] - Lyft and Tensor have announced a partnership to deploy hundreds of autonomous taxis in Europe and North America starting in 2027 [15] - Vingroup is seeking to raise $500 million for expanding its electric vehicle charging network [16] Commercial Vehicles - Shenzhen has launched a new electric heavy-duty truck charging station, capable of charging in 5 minutes for a 100 km range, enhancing logistics efficiency [17] - King Long has unveiled its new high-end bus series at the World Bus Expo in Brussels [18] - Scania has introduced its 8×4 cargo chassis in China, following the success of its 6×4 model [19] - Foton has launched its new Dajun EV, targeting the commercial market with competitive pricing and high load capacity [20]

Core Viewpoint - The article highlights the upcoming launch of four significant electric vehicles, emphasizing their advanced features, performance, and design elements, which cater to the growing demand for smart and efficient vehicles in the automotive market [1][12]. Group 1: Vehicle Launches - The four new vehicles set to launch this month are Zeekr 001, Jietu Zongheng G700, Smart 5 EHD, and Mercedes-Benz Electric CLA, each showcasing unique attributes and technological advancements [1]. - Zeekr 001 features significant upgrades in power, range, and intelligent driving capabilities, including the Thor-U chip with a computing power of 700 TOPS and advanced sensor systems [1][3]. - Jietu Zongheng G700 is a rugged mid-large SUV with a pre-sale price of 349,900 to 429,900 CNY, offering a powerful hybrid system and advanced driving assistance features [5][6]. - Smart 5 EHD, the first plug-in hybrid model from Smart, boasts a unique design and advanced interior features, with a hybrid system that includes a 1.5T engine and a driving motor [6][8]. - The all-new Mercedes-Benz Electric CLA, based on the MMA platform, offers a long range of 866 km and advanced driver assistance systems, with a pre-sale price starting at 259,000 CNY [10][12]. Group 2: Technical Specifications - Zeekr 001's performance includes a maximum power of 680 kW, acceleration from 0 to 100 km/h in just 2.83 seconds, and a range of up to 810 km with the 103 kWh battery [3][5]. - Jietu Zongheng G700 features a hybrid system with a maximum power of 665 kW and a 0-100 km/h acceleration time of 4.6 seconds, along with a robust off-road capability [5][6]. - Smart 5 EHD offers two battery versions with electric ranges of 252 km and 120 km, and a combined range of 1615 km, showcasing its efficiency [6][8]. - The Mercedes-Benz Electric CLA includes an 800V electrical architecture, a maximum power of 200 kW, and a fast charging capability that allows for 370 km of range in just 10 minutes [10][12]. Group 3: Design and Features - Zeekr 001 maintains a classic shooting brake design with modern upgrades, including a spacious interior and advanced comfort features [3][5]. - Jietu Zongheng G700's design is inspired by the Himalayas, featuring a rugged exterior and luxurious interior materials, enhancing its appeal as a premium SUV [5][6]. - Smart 5 EHD incorporates a distinctive "time capsule" design language with a spacious and flexible interior layout, catering to modern consumer needs [6][8]. - The Mercedes-Benz Electric CLA features a sleek design with a low drag coefficient of 0.21, enhancing its aerodynamic efficiency [10][12].

Core Viewpoint - The article predicts a strong performance in the new energy vehicle (NEV) market for September 2025, driven by favorable policies and new product launches, with an estimated wholesale volume of 1.5 million units, representing a 22% year-on-year increase and a 16% month-on-month increase [2][6]. Market Overview - September 2025 has 22 working days, similar to the same period last year, providing ample production and sales time. The market is expected to be more active due to the timing of the Mid-Autumn Festival coinciding with the National Day holiday [1]. - The Ministry of Industry and Information Technology (MIIT) has implemented measures to regulate competition in the NEV industry, leading to noticeable improvements in market conditions [1]. Sales Performance - The NEV market is showing a recovery in popularity, aided by trade-in policies and local incentives, with a notable increase in sales momentum as new models are launched [1]. - Major manufacturers such as Geely, Changan, and NIO have reported record high wholesale volumes for September, contributing to a structural growth in the market [2]. Wholesale Volume Data - According to the latest data from the China Passenger Car Association, the wholesale volume of NEVs in August 2025 reached over 1 million units, accounting for 93.5% of total NEV sales for that month. The estimated wholesale volume for September is projected to be 1.5 million units [2][6]. - Cumulative wholesale volume for NEVs from January to September 2025 is 10.446 million units, reflecting a 32% year-on-year growth [2]. Manufacturer Performance - The top manufacturers in NEV wholesale volumes for September include: - SAIC Motor: 354,890 units - Xpeng Motors: 349,749 units - Li Auto: 339,951 units - Others include brands like NIO, Geely, and Changan, all showing strong performance [5].

Domestic News - The Ministry of Industry and Information Technology and other departments have adjusted the technical requirements for the exemption of vehicle purchase tax for new energy vehicles from 2026 to 2027, notably increasing the electric range requirement for plug-in hybrid vehicles from 43 km to no less than 100 km [3] - During the National Day and Mid-Autumn Festival holiday, the charging volume for new energy vehicles on highways exceeded 1.2 billion kWh, with a total of 5.169 million charging sessions, marking a historical high and a 45.73% increase compared to last year's holiday [4] - NIO announced the launch of the World Model 2.0 version, which will enhance its spatial-temporal cognitive abilities and incorporate language for open interaction [5] - Avita has completed a payment of 11.5 billion yuan to Huawei for a 10% stake in the company, marking a deepening of their strategic cooperation [6] - Li Auto has surpassed 3,400 supercharging stations across 269 cities in China, expanding its network significantly [8] - Seres' subsidiary signed a cooperation framework agreement with Volcano Engine to enhance intelligent decision-making and control technologies in the automotive industry [9] - Avita joined the "Brand Strong Country Project" with CCTV, aiming to enhance its global brand influence and plans to launch 17 new models by 2030 [10] - Maersk and CATL signed a global strategic cooperation agreement to promote low-carbon transformation in the global supply chain [11] International News - Germany is set to introduce a 3 billion euro electric vehicle incentive program, effective until 2029, to support its struggling automotive manufacturers [12] - Ferrari plans to launch over ten new models between 2026 and 2030, with 60% of its lineup expected to be electrified by 2030 [13] - General Motors has released a new version of the Chevrolet Bolt, featuring an upgraded battery system and a competitive price point, making it one of the most affordable electric vehicles in the U.S. market [14] - Lyft has partnered with Tensor for autonomous vehicle collaboration, reserving hundreds of Tensor's Robocar for its fleet operations [16] Commercial Vehicles - The Eura H series was launched in the Yangtze River Delta region, focusing on cold chain logistics solutions [17] - Zhongtong unveiled the H12E-Plus and N12D electric buses at the World Bus Expo, attracting significant attention [18] - Daimler Trucks reported third-quarter sales of 98,009 vehicles, with a notable increase in electric vehicle sales to 1,833 units [19] - The first unit of the ZF Transmissions second-generation bus transmission was delivered, marking a significant step towards automatic transmission in long-distance buses [21]

Core Viewpoint - The article provides a comprehensive overview of upcoming vehicle models from various manufacturers, detailing their specifications, market segments, and expected launch dates. Group 1: Upcoming Vehicle Models - Changan Mazda's EZ-60 is set to launch on September 26, 2025, categorized as a B SUV with a price range of 119,900 to 160,900 CNY [10]. - Volvo's XC70 will also debut on September 26, 2025, classified as a C SUV, with prices ranging from 416,900 to 496,900 CNY [18]. - GAC Motor's Chuanqi Xiangwang S7 is scheduled for release on September 27, 2025, in the C SUV segment, priced between 159,800 and 179,800 CNY [26]. - FAW-Volkswagen's Golf will launch on September 27, 2025, as an A HB with a price range of 129,900 to 158,900 CNY [34]. - BYD's Fangchengbao Titanium 3 is expected to be available on September 27, 2025, as an A SUV, priced at 149,800 CNY [90]. Group 2: Specifications and Features - The Changan Mazda EZ-60 features a 1.5L range extender engine and EVT transmission, with a maximum power output of 72 kW and a torque of 190 Nm for the electric motor [10]. - The Volvo XC70 is equipped with a 1.5T plug-in hybrid engine, offering a power output of 120 kW and a torque of 255 Nm [18]. - GAC Motor's Chuanqi Xiangwang S7 utilizes a 1.5T plug-in hybrid engine, delivering 118 kW and 220 Nm of torque [26]. - FAW-Volkswagen's Golf is powered by a 1.5T engine, producing 118 kW and 250 Nm of torque [34]. - The BYD Fangchengbao Titanium 3 is a pure electric vehicle with a range of 501 km and a power output of 160 kW [90]. Group 3: Market Segmentation - The vehicles are categorized into various segments, including A SUV, B SUV, C SUV, and A HB, indicating a diverse offering to cater to different consumer preferences [10][18][26][34][90]. - The pricing strategy reflects the competitive landscape, with models positioned to attract a range of buyers from budget-conscious consumers to those seeking premium features [10][18][26][34][90].

Industry Information - National Grid will explore issuing highway charging coupons during the National Day and Mid-Autumn Festival holidays to guide users to avoid long-duration trickle charging [9] - CATL plans to build 100 chocolate battery swap stations in Hainan over the next three years, significantly enhancing the coverage of battery swap networks across the island [10] - The Ministry of Industry and Information Technology will further deepen cooperation in the automotive industry, supporting collaboration in capital, technology, management, and talent [10] - The electric vehicle and battery industry has become a new hotspot for cooperation between China and Nordic countries, with trade between China and the five Nordic countries reaching $53.17 billion in 2024, an increase of 8.5% [11] - The World New Energy Vehicle Development Organization has been established to promote the green and intelligent transformation of the automotive industry [12] - China's fuel cell vehicle demonstration scale has exceeded 20,000 units, with 200 hydrogen stations built, marking the initial commercialization of fuel cell vehicles [13] - During the National Day and Mid-Autumn Festival holidays in 2025, the charging volume for new energy vehicles reached a historical high, with a 51.33% year-on-year increase in charging volume on highways [20] Policy Information - Shenzhen is soliciting opinions on a work plan to promote stable growth in the new energy vehicle industry by 2025 [23] - Chengdu has issued implementation measures for central energy-saving and emission reduction subsidy funds for charging infrastructure [27] - Hebei's Cangzhou has released a three-year action plan for public charging infrastructure construction [30] - Gansu's Lanzhou has published a plan for the construction of new energy vehicle charging infrastructure from 2023 to 2025 [31] - Hangzhou has announced the suspension of the automobile replacement subsidy policy starting from October 9, 2025 [33] - Shanxi has suspended the automobile replacement and electric bicycle trade-in subsidies starting from October 9, 2025 [35] - Hainan has also suspended the automobile replacement subsidy policy starting from October 6, 2025 [37] Company Information - NIO has achieved battery swap coverage in over 1,200 districts and counties across multiple provinces [39] - Xiaomi's charging map now covers over 1.5 million charging piles, including 120,000 supercharging piles [39] - Seres has completed the payment for the acquisition of a 10% stake in Shenzhen Yiwang Intelligent Technology Co., Ltd. from Huawei, totaling 11.5 billion yuan [40] - Xiaomi has opened 32 new stores in September, bringing the total to 402 stores across 119 cities [40] - Seres' stock price has surged over 8%, reaching a market capitalization of 280 billion yuan, driven by strong sales of its models [40] - Beijing Hyundai has named its first pure electric platform SUV "EO Yiou" [40] - XPeng Motors has signed strategic cooperation agreements with leading dealers in Morocco and Tunisia, expanding its presence in Africa [40] - Li Auto has launched a "safety net" plan for users affected by the upcoming changes in the new energy vehicle purchase tax policy [40] - Great Wall Motors plans to unveil its first supercar by the end of 2026 [40]

Core Viewpoint - The article discusses the recent public solicitation for opinions on five automotive industry standards, including specifications for aluminum alloy steering knuckles and air suspension aluminum storage tanks, aimed at enhancing product quality and safety in the automotive sector [4][5][6][7]. Group 1: Automotive Standards Overview - The five automotive industry standards include specifications for aluminum alloy steering knuckles, torque limiters, suspension thrust rods for medium and heavy commercial vehicles, air suspension aluminum storage tanks, and aluminum subframes for passenger vehicles [4][5][6][8]. - The solicitation for opinions is open until November 10, 2025, allowing stakeholders to provide feedback on the proposed standards [4][5]. Group 2: Air Suspension Aluminum Storage Tank Standard - The standard for air suspension aluminum storage tanks includes terminology, technical requirements, and testing methods, aiming to guide domestic automotive enterprises in product development [5]. - This standard addresses the safety and reliability of air suspension systems, which are critical for vehicle safety, thereby reducing the risk of accidents due to tank failures [5]. Group 3: Torque Limiter Standard - The torque limiter standard fills a gap in the industry by providing unified definitions, technical requirements, and testing methods for torque limiters used in electric and hybrid vehicles [7]. - This standard supports the development of new energy vehicles and enhances the quality of products in the sector, promoting technological advancement and industry communication [7]. Group 4: Medium and Heavy Commercial Vehicle Standards - The standard for medium and heavy commercial vehicle suspension thrust rods establishes terminology, technical requirements, and testing methods, addressing a significant gap in the product development and evaluation metrics [8][9]. - The implementation of this standard is expected to improve the overall technical level of the automotive industry [9]. Group 5: Electrical and Electronic Equipment Standards - The article also mentions the solicitation for opinions on standards related to electrical and electronic equipment protection levels (IP codes) and static discharge testing methods, which are crucial for enhancing the electromagnetic compatibility of automotive products [10][15]. - These standards aim to improve the reliability of electrical and electronic components in vehicles, supporting the transition towards electric and intelligent vehicles [12][16].